FUEL PRICE HIKE FROM BRITISH GAS
(Published 12 July 2011)
British Gas has followed Scottish Power in significantly raising the cost of fuel, with an average duel fuel customer paying an extra £190 in their annual fuel bill.
Gas bills are set to rise by 18% while electricity will go up by 16%, affecting around 9 million households.
The new prices will be applicable from 18th August, with the company blaming the wholesale cost of gas, which has gone up by 30% since last winter.
British Gas managing director Phil Bentley said its bills were being driven higher by the fact that the company buys 50% of its gas on the international wholesale market.
"We are investing in the future energy supply of the UK... and energy efficiency in our customers' homes," he added.
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