The Observer yesterday had a story that ‘industry insiders’ expected a new double-digit gas price rise from Powergen, following on from recent British Gas and EDF hikes. Full Story
The article also includes background on the wholesale energy crisis which has lead to consumer prices rising by 90% over two years, and gives details of EU investigations into the industry.
The bills of British Gas customers will continue to spiral upwards with the announcement of yet another hefty price hike.
EDF Energy have announced a new round of energy price increases, as high wholesale energy costs continue to bump up the expense of both consumer and commercial energy.
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Scottish Power have confirmed a new set of price rises next month, in a move that Energywatch Scotland have described as a ‘brutal assult’ on its customers.
New government figures have shown that the number of UK households living in fuel poverty has risen by 83% over the last year.
Fuel poverty is defined as spending 10% or more of income on heating, and the recent price hikes imposed by energy companies has had a dramatic effect on the numbers affected by it.
Scottish Power have warned that further price rises are ‘unavoidable’ in the near future, despite the company releasing details of a 47% rise in profits.
British Gas owner Centrica has confirmed that the company has lost a further 350,000 customers since the start of the year, as the company’s price rises received large amounts of bad publicity.
A report by the Commons Environmental Audit Committee has warned that Britons will have to pay even more for their electricity in the future, and also find ways of using less than they do now.
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The Institute for Public Policy Research (IPPR) have called for a revolutionary new approach to energy provision to help people with low incomes out of ‘fuel poverty’, or the situation many find themselves in of having to ration their use of heating and light.
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British Gas has lost its battle with rival Scottish Power over advertisements that implied customers wouldn’t benefit by switching suppliers, as prices were rising at all companies and not just British Gas. Read more »
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