Whether you’ve been enjoying or enduring the summer heatwave, running that new air-con unit has just got a whole lot more expensive. For millions of people across England, Scotland and Wales the cost of household energy has soared by 13% from the 1 July – following the latest rise in the energy price cap. The war in Iran is largely to blame, thanks to the closure of the Strait of Hormuz and subsequent spike in oil and gas prices. But Donald Trump’s military action began at the end of February, so why are we only beginning to feel the impact now? How long will the current high prices persist and are there any tricks for reducing those domestic bills? Mhari Aurora is joined by Sky’s business news reporter James Sillars. #energy #ofgem #iran #iranwar Have you got something you want the team to look into? Email the show – [email protected] Follow This is Why, available for free here: https://podfollow.com/thisiswhy Follow Niall on Instagram: https://www.instagram.com/skynewsniall Follow Niall on X: https://twitter.com/skynewsniall Find out how to subscribe to our members club, Sky News Insider: https://skynews.supportingcast.fm/ Sky News Insider requires a paid subscription and is available to UK listeners aged 18 and over. SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales