Another British Gas Price Increase in 2018 – Bills To Increase By a Further £44 From 1 October, Meaning a £104 Compound Increase in 2018 For British Gas SVT Customers

Customers can make a change, however - should British Gas’ standard variable tariff customers switch from this tariff to the lowest available on the market as of today, they would save on average £406*

Another British Gas Price Increase in 2018 – Bills To Increase By a Further £44 From 1 October, Meaning a £104 Compound Increase in 2018 For British Gas SVT Customers

ANOTHER BRITISH GAS PRICE INCREASE IN 2018 – BILLS TO INCREASE BY A FURTHER £44 FROM 1 OCTOBER, MEANING A £104 COMPOUND INCREASE IN 2018 FOR BRITISH GAS SVT CUSTOMERS

• British Gas has announced a price rise of 3.8% - After already increasing prices by 5.5% just a few months ago.
• Average UK customer will pay £44* more per year from 1 October
• Comparison website energyhelpline questions the double blow of hikes, and urges customers to switch & save

Victoria Arrington, Spokesperson for energyhelpline:

"One can hardly keep count of all the price rises coming from the Big Six this year – it seems never-ending. This second price rise is a new blow for British Gas customers, affecting 3.5 million households. From 1 October, dual fuel customers on a Standard Variable Tariff (SVT) will see their annual bills rise again with another £44*, or an additional 3.8% on top of the £60 price hike that came into effect in April.” 

“Customers can make a change, however - should British Gas’ standard variable tariff customers switch from this tariff to the lowest available on the market as of today, they would save on average £406*.

"This new rise is particularly cruel during the midst of an epic heatwave. The cost of sticking to a big-name energy supplier is quickly outstripping the feeling of safety it gives customers.” 

"It is another signal that the current energy market can be volatile. With over 80 active suppliers in the UK*, there is more competition out there for big suppliers than ever. Customers are not going to put up with the hikes for much longer, and with the increasingly popularity of switching quickly and easily online, they don't have to. The customers affected have until the 1 October to switch before the price rise sets in - but the sooner the better.”



Big Six price hikes announced: 

  • April 19th – E.on: up to 4.2% increase, average annual bill to increase by up to £50.
  • May 29th – British Gas: 5.5% increase, average annual bill to increase by £60.
  • June 1st – Scottish Power: 5.5% increase, average annual bill to increase by £63.
  • June 7th – EDF: up to 2.7% increase, average annual bill to increase by up to £28.
  • June 17th – Npower:  5.3% increase, average annual bill to increase by £64.
  • July 11th – SSE: 6.7% increase, average annual bill to increase by £76.
  • August 16th – E.on: up to 4.8% increase, average annual bill to increase by up to £55.
  • August 31stEDF: up to 6% increase, average bill to increase by up to £70.
  • October 1stBritish Gas: 3.8% increase, average bill to increase by up to £44.

 

*Price increase amounts and average usage calculated against an average bill of £1,213 (Average Big 6 energy suppliers’ Monthly D/D payment method standard tariffs) after price rises enacted. Calculations for average usage dual fuel household paying by monthly D/D. Average usage defined by OFGEM is 12,000 kWh pa gas and 3,100 kWh pa electricity. Includes publicly available tariffs available in at least 12 of the 14 regions of UK. Excludes exclusive, collective and staff tariffs not generally available.

Cheapest currently available tariff is Powershop's "Top Shopper July 2018 Issue 1" at £807 vs British Gas’ new SVT as of 1 October, at £1,205, which is a difference of £406. Based on average usage, on the Ofgem figures cited above.

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