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UK energy prices could rise sharply in June if global LNG supply issues persist, with Ofgem's price cap potentially skyrocketing. Oil and gas still dominate UK energy use, and electricity costs are tied to global wholesale gas prices.
UK energy prices may spike due to global supply crunch
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UK energy prices could rise sharply in June if global LNG supply issues persist, with Ofgem's price cap potentially skyrocketing. Oil and gas still dominate UK energy use, and electricity costs are tied to global wholesale gas prices.
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