Millions of families are facing another jump in household energy bills after it was reported today by the BBC that UK’s largest energy supplier British Gas plans to increase gas and electricity tariffs.
Updated Friday 12th October – British gas has today confirmed that it has raised its charges for both gas and electricity by 6% adding an extra £80 a year to the average duel fuel bill. Britain’s largest energy supplier said that the price increases would come into effect on the 16th November.
With two of the big six suppliers, SSE and British Gas now putting up prices, we beleive its only a matter of time before the other suppliers follow. The only one that wont follow this year is E.ON as they have promised not to increase prices in 2012.
So that leaves three suppliers – EDF, Npower and Scottish Power, that may also be forced to pass rising wholesale costs on to its customers. Its not a case of if they do, its when they do now.
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Energy comparison sites are advising customers to look for the best fixed price deal that will protect users against any additional rising costs.
With the distribution network in need of ongoing upgrades, these costs will always filter through to domestic and business users.
British Gas, which supplies about 12 million homes in the UK is set to be preparing to announce increases to its electricity and gas charges on Friday. The current average British Gas annual dual fuel bill for electricity and gas currently stands at £1,260 per annum. So a small a 8% increase would add an extra £100 to families already struggling with rising food costs.
This recent report comes as rival SSE prepares to increase tariffs by 9% on average on Monday, hitting about five million electricity customers and 3.4 million gas customers.
British Gas last put up gas and electricity tariffs by 18% and 16% in August 2011, blaming higher wholesale energy costs at the time. But this was followed by a drop of 5% in electricity tariffs in January when wholesale prices eased.
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