twitter

British Gas hits customers with biggest one-off increase in energy bills ever recorded

Posted on 2:15 PM by Sameer Shah

# Gas price rises: Q&A
# How to cut your energy bills

It is the biggest one-off increase that British Gas has ever levied, the company admitted, and means that most families are now paying £400 more a year for their energy than they were at the start of the year.



The company, which supplies energy to nearly half of all households in the UK, raised gas bills by 35 per cent and electricity bills by 9 per cent with immediate effect.

It means dual fuel customers – those that take both gas and electricity from the company – will see their bills increase by 25 per cent to £1,317, a £404 increase compared with the start of the year.

The price increases come just six months after the company increased its dual fuel bills by 16 per cent.

While it was widely expected that British Gas would put up its bills this summer, campaigners reacted with horror at the scale of the increase and warned that millions of consumers, including middle-class families, would struggle to afford the increase.

The price rises will further raise the cost of living, which for the first time in over a decade is now outstripping average incomes, according to official figures.

The company, which supplies energy to 12.5 million households, said it was forced to act because of the soaring price of gas on wholesale market. It added that it was now losing money from supplying residential customers.

However, it is expected to come under fire when its parent company, Centrica, reveals a healthy set of profits thanks to its wholesale gas business, which owns gas fields in the North Sea and which has benefited from the escalating prices.

No Response to "British Gas hits customers with biggest one-off increase in energy bills ever recorded"