UK energy group; gas and electricity supplier
The Office for National Statistics has reported UK consumer price inflation has fallen to 2.6% in June, down from 2.8% in May — the weakest reading since March 2025. Falls in motor fuel, food and clothing prices have driven the drop, but renewed Middle East fighting and a higher Ofgem cap mean officials expect inflation to rise again later this year.
UK households face higher energy bills this summer, prompting a surge in green upgrades. The falling cost of home batteries is identified as a major driver for savings, with industry executives describing batteries as a potential gamechanger for households and businesses.
Sizewell B will continue generating electricity until 2055 after a 20-year life extension, with a contract for difference guaranteeing 370.50 per megawatt-hour from 2035. The move aims to shield billpayers and secure thousands of jobs and clean power, while backing new nuclear projects.