News about energy prices: events, facts and developments on tafs uz.
7 stories
The UK's Office for Budget Responsibility (OBR) has revised its forecast for the first time since the US–Iran conflict began: growth next year has been cut from 1.6% to 1%, inflation will reach 3.8% in 2027, and interest rates could rise to 4.5%. Chancellor John Healey announced measures to support households.
Otabek YusupovNational Gas and Neso forecast sufficient gas and electricity supplies for winter 2026/27, but 'tight days' are possible in December and January, requiring standard balancing tools. Gas prices have risen by about 180% and electricity prices by 120% since the start of the American-Iranian war in February. A deal has been concluded with the Belgian interconnector for an additional 5% of capacity.
Sevara AzamovaBelgium's federal energy minister Mathieu Bihl announced a temporary €15 million increase in heating oil subsidies for winter 2026–2027. The maximum allowance will rise from €0.20 to €0.50 per litre when the oil price reaches €1.775 per litre or more. The measure covers deliveries from 1 December 2026 to 28 February 2027 and applies only to households meeting the Social Heating Fund criteria.
Sevara AzamovaThe US dollar remains persistently strong contrary to the Trump administration's expectations, while rising energy prices due to Middle East tensions add pressure on households ahead of the November 3 midterm elections.
Javlon TursunovAmid rising oil and gas prices caused by the war and the blockade of the Strait of Hormuz, demand for solar panels in Europe has grown, and companies like PLATIO and SolarPave offer solar paving for yards, parking lots and terraces. According to Solar Power Europe, solar energy saved the EU €40 billion on gas imports since the start of the conflict.
Sardor QodirovRising energy and fertilizer prices due to the Middle East conflict drove a 13% jump in global food prices in the third quarter, said International Fund for Agricultural Development (IFAD) President Alvaro Lario. He forecasts further food price increases over the next 6–9 months and calls for long-term resilience measures.
Dilnoza RahimovaAt a European Council summit that stretched late into Thursday night, EU leaders demanded that the European Commission adopt targeted temporary measures to support households and industry, including expanded financial aid for the hardest-hit sectors. They also raised issues of energy supply security, refinery efficiency and joint purchases of energy resources. The IEA warned that the diesel market will remain tight until 2027.
Nilufar Karimova
