Post by SSE plc

When conflict in the Middle East dominates the headlines, the first concern is always the people whose lives are being torn apart. But there is a quieter consequence too. Instability in major producing regions sends oil and gas prices jumping. And when those prices move, household bills are never far behind. We have seen this pattern before. After Russia invaded Ukraine, gas prices surged. Because gas still sets the electricity price much of the time, the shock rippled through the system. Households paid for it repeatedly, through gas, power, fuel and the wider inflation hit. Martin Pibworth, SSE's Chief Executive, recently shared with The Times why this is not bad luck. It is a result of how our power system is designed, and why countries that invested earlier in homegrown, fixed-cost electricity are now better insulated from global shocks. Hear from Martin in the article below ⬇️