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Gas bills go up by 18% can we take any more

Guest post by: Robert Steadman

Article Overview: Gas price, UP, electricity price UP, fuel price UP, food price UP, and with gas prices in the UK going up by a wopping 18% is there any help for us.

Gas bills go up by 18% can we take any more

This winter is going to be tough for people in the United Kingdom, food prices up, gas prices up, electricity prices up, house prices down and prospect of loosing your job make the whole situation very depressing. But to add to the strain on the general public's finances, British Gas, owned by Centrica, is putting up its domestic gas and electricity prices from 18 August. Gas bills will rise by an average of 18% and electricity bills by an average of 16%. The change will affect nine million households with the average dual fuel customer paying an extra £190 a year. But this is not the worst, last December gas prices were increased by 7% so in the last 8 months that is an increase of 25%, what is the world coming to.

The company blamed the rising wholesale cost of gas, which has gone up by 30% since last winter. But if gas prices have gone up how do they explain record profits???.

British Gas managing director Phil Bentley said its bills were being driven higher by the fact that the company buys 50% of its gas on the international wholesale market. "We are buying in a global energy market and have to pay the market rate," he said. "Rising wholesale costs is an issue facing all energy suppliers," he added.

The company said it had been selling energy at a loss for the past three or four months. "After we put these prices up we will be making a fair return," Ian Peters, a British Gas director said, "We are investing in the future energy supply of the UK... and energy efficiency in our customers' homes," he added.

But there is one thing for sure Mr Phil Bentley will not be turning down his heating this winter, but the rest of us will be.

Now do not be surprised if another 10 to 20% is added on during September or October, because for these guys enough is just never enough

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Article Tags: electricity price, food price, fuel price, gas price, summer of our discontent



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