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Millions set to be hit by new energy bill increases - 10/12/2010

Millions of Britons could look to compare energy suppliers over the coming days and weeks as they are hit by a fresh hike in gas and electricity bills.

Around eight million UK consumers are estimated to be affected by the changes to British Gas gas and electricity pricing which come into effect today (December 10th).

According to the Telegraph, this latest round of increases will see the annual bill for an average household in the UK go up from £1,157 to £1,237.

Notably, this increase will come as the Met Office has warned that Britons are set to experience the coldest December in more than a century, meaning many see be hit by large bills in the New Year as they look to keep warm over the winter months.

Indeed, the newspaper has noted that many consumers could be hit with 'record' utility bills, suggesting comparing energy suppliers and shopping around for the best deal will be top of many people's New Year's resolutions lists.

At the end of last month, it was reported that British Gas is on track to record profits of £700 million for the current year.

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