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Latest British Gas Hike Pushes Cost Up 91% Since 2003

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Sunday September 3, 08:15 AM

British Gas Costs The Most After Hike

Millions of households now face higher gas and electricity bills after British Gas raised prices for the second time this year. Owner Centrica told its 16.5 million customers in July that gas bills would go up by 12.4% and electricity bills by 9.4%.
It followed a 22% hike in energy bills by British Gas in March and was met with anger from consumer groups, charities and politicians concerned that pensioners in particular would struggle to afford the increases.
According to Energywatch, the move makes British Gas the most expensive supplier, with the average annual gas bill up 91% since 2003 to £707 and the average electricity bill up 81% to £428.
But it is not just a problem for British Gas customers, with every major supplier in the UK raising energy bills twice already this year.
Energywatch said households across Britain were now paying 87% more for gas and 56% more for electricity than they were in January 2003.
Suppliers have blamed the soaring cost of wholesale gas they have to buy from abroad to sell on to customers here, now that the UK is a net importer of gas.
Supplies in the North Sea have been dwindling for years with the UK now covering 15% of demand from overseas.

Good thing Gordon is going to keep pay rises down to 2% and suppress other possible wage increases by boosting immigration. :angry:

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Was clearing out the filing cabinets yesterday - found a receipt airport parking in Gatwick, for one week in Sep 2003 it was £67, now £119.

"Look into my eyes, look into my eyes, inflation target is 2% and being met."

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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