British Gas Price Hike
October 17, 2013 by staff
British Gas Price Hike, British Gas is to increase prices for domestic customers, with a dual-fuel bill going up by 9.2% from 23 November.
The increase, which will affect nearly eight million households in the UK, includes an 8.4% rise in gas prices and a 10.4% increase in electricity prices.
The company said it “understands the frustration” of prices rising faster than incomes. The average annual household bill will go up by £123.
PM David Cameron has urged consumers to switch suppliers for the best deal.
Energy Minister Ed Davey has described the latest price rise as “extremely disappointing news” for customers.
Rival SSE has already announced an 8.2% increase in bills from 15 November.
“Social media car crash: British Gas hike energy bills by £123 and then ask Twitter what it thinks.”
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Energy debate
On average, customers will see a dual-fuel bill increase to £1,444 a year.
However, there are significant regional variations. On average, the biggest increase in a dual-fuel bill is an 11.2% rise in the north of Scotland, in the Scottish Hydro Electric region. The smallest is a 6.8% increase in the south west of England.
The company said that the cost of buying energy on the global markets, delivering gas and electricity to customers’ homes, and the government’s “green” levies, were all factors in the decision to put up prices.
“I know these are difficult times for many customers and totally understand the frustration that so many household costs keep on rising when incomes are not keeping pace,” said Ian Peters, managing director of British Gas Residential Energy.
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