October 2013
Featured in this insight: Financial services, Gas
British Gas are set to increase prices in time for Christmas: Recent publications are showing that energy giant, British Gas, is to increase prices for domestic customers, with a dual-fuel bill going up by a tenth (9.2%) from November 23. The increase includes an 8.4% rise in gas prices and a 10.4% increase in electricity prices.
This strategic move comes after SSE (Scottish and Southern Energy) announced an 8.2% increase in domestic bills from the 15th November.
"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… We haven't taken this decision lightly, but what is pushing up energy prices at the moment are costs that are not all directly under our control."
Energy Minister Ed Davey described the latest price rise as "extremely disappointing news" for customers of British Gas – a dreadful blow for more than twelve million households. An estimated two million people are in fuel poverty already, fears are increasing that this figure may be set to grow rapidly.
