British Gas announces 7% price hike - 12/11/2010
Customers of energy suppliers might be interested to learn that British Gas is set to raise domestic prices for both gas and electricity by seven per cent.
The change is due to come into effect on December 10th and will add an extra £1.50 to the average weekly energy bill for consumers of dual fuel deals.
Increases of around 25 per cent in the cost of wholesale gas prices have been posited as the reason behind the company's hike.
British Gas managing director Phil Bentley commented: "We know that rising energy prices come at a difficult time for many in Britain. That's why we are not raising prices for our vulnerable customers, such as the poorest pensioners, until after this winter."
Elderly people will also continue to be offered cheap gas and electricity rates, he explained, along with energy-efficient boilers and free cavity wall insulation.
The news comes after the UK's second-largest cheap energy supplier, Scottish & Southern Energy, announced it will be increasing gas prices by around 9.4 per cent from the beginning of December.
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