British Gas price hike 'could be 20%' - 01/07/2011
Customers wanting cheap energy might consider carrying out an energy comparison ahead of an anticipated price hike by British Gas.
The energy supplier hinted at a parliamentary committee this week that it may have to raise prices, with managing director of energy Ian Peters telling the panel: "Unless there is a fundamental shift in the way the commodity markets are going to play out in the next few weeks, then on the balance of probability we will reluctantly put the price up."
He said he would not be drawn into a discussion about when or how the higher tariff rates will be announced.
Mark Todd of energyhelpline.com said energy suppliers often announce hikes on Fridays and he expects a rise of up to 20 per cent on gas prices.
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