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The winter is going to be tough for people in the United Kingdom
| Guest post by: Robert Steadman |
Article Overview: 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.
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Free Download - Save over 20% on your heating bills today with the new fuelmaster By Robert Steadman |
The winter is going to be tough for people in the United Kingdom
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.
Gas bills go up by 18% can we take any more
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