British Gas price rise 'is on the way' - 29/06/2011
Householders might wish to compare gas and electricity prices now ahead of the next announcement from an energy supplier that costs are going up.
British Gas parent company Centrica has released its profit forecasts and said it expects full-year earnings to show year-on-year growth, subject to a number of variables including 'retail margin recovery'.
This caveat could pave the way for another price hike from the company, according to Mark Todd, director of energy comparison site energyhelpline.com.
"There is no doubt that further price rises are on the way and Centrica's announcement today of a 'retail margin recovery' is the latest signal of this," he argued.
"All this means that it is a matter of when, not if, consumers are hit in their pockets again. All the signs are that this is likely to be sooner rather than later and the rise could be as much as 15 to 20 per cent."
Research from the site shows half a million people a week have been switching energy tariffs since ScottishPower announced its round of price increases.
If you want to find out more about switching energy suppliers and how you could save up to £453 in minutes, click here.
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