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Energy prices could spike this winter, warns IEA head

The head of the International Energy Agency (IEA) has warned that energy prices could spike this winter, putting pressure on consumers, especially if the Chinese economy strengthens and there is a harsh winter.

03 July 2023 · 23:48 UTC

Gas prices could rise, following the earlier price hikes caused by Russia's invasion of Ukraine.

Governments, including the UK, should push for energy-saving and boost renewables to reduce reliance on foreign energy sources and mitigate the risk of blackouts.

The UK government has already spent billions to protect families from high energy bills last winter, and bills are set to fall by an average of £430 this month.

However, annual energy bills are still much higher than the pre-pandemic norm.

The UK government has also issued a new licensing round for North Sea oil and gas, defying climate warnings.

The IEA head has called for a reduction in oil and gas consumption to meet the challenge of climate change.

The UK government has cut emissions faster than any other G7 country while keeping the economy growing, with low-carbon sources like renewables and nuclear providing half of the UK's electricity generation.

However, the transition to cleaner energy cannot happen overnight, and the UK will continue to need oil and gas over the coming decades.

Energy saving ideas include getting a water-efficient shower head, loft insulation, hanging out washing instead of using a tumble dryer, and using windy days to locate draughts.

If you are struggling to pay your energy bills or concerned about a potential spike in prices this winter, you can email haveyoursay@bbc.co.uk to share your experiences.