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British Gas Increases Fuel Prices by 18 Percent
12/07/2011
British Gas has announced an 18 per cent price hike for gas and 16 per cent price increase for electricity. They last raised their prices in December by 6.9 per cent (£43) for gas and 6.7 per cent (£28) for electricity.
The 9million British Gas customers affected by the rise could face paying nearly £200 more for energy.
But the energy giant admitted some customers could be paying up to 24 per cent more dependant on where they live and how they pay their bills.
With this latest increase the average household bill for a dual fuel British Gas customer will now go up to from £1,096 to £1,288, an increase of £192.
Consumers last saw a year of double price increases in 2008 when energy bills rocketed by 41 per cent (£334).
Consumer experts predict no household will be safe in these price increases as other energy suppliers look set to follow suit.
Homeowners aged over 55 years who are concerned about the price of fuel and would like to know how much money the value of their property could release to increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.
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