The owners of British Gas have warned of possible winter fuel shortages, saying that supplies are set to be ‘uncertain’.

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As widely predicted, Powegen have again raised their prices by a substantial amount - 18.4% for gas and 9.7% for electricity. The new tariff will take effect from Monday.

Powergen are the last major UK energy supplier to implement a second price hike this year, following rises of 25% and 18% in March.

Powergen’s parent company has recently announced a 26% drop in profits, although the pre-tax profit figure was still a healthy looking £304m.

Britain’s 6 million customers of Powergen are bracing themselves for further price rises after parent company E.ON announced a significant dip in UK profits. Pre-tax profits for UK operations fell by 26% to £304m in the first half of the year.

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