Mervyn King, the Governor of the Bank of England, has warned that soaring energy prices could pose a real threat to the UK economy, and are one of the main reasons that interest rates haven’t been lowered in recent months.
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The National Grid yesterday issued an unprecedented warning that demand for gas may exceed supply, and that limits may have to be placed on usage.

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There was more gloomy news for energy customers today as Npower becane the latest company to announce large price rises.

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5.2 million customers of Scottish power will face higher bills from 1st of March, as the company announced price rises of 15% for it’s gas customers and 8% for electricity.

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