April 10, 2018
British Gas is to increase the energy prices for customers on its standard tariffs by an average of 5.5% - working out at approximately an extra £60 a year. British Gas is the first of the major suppliers to raise prices this spring.
The new price hike will take effect on 29 May and follows British Gas' 12.5% electricity price increase in September 2017.
The energy price increase, which applies to both gas and electricity, will see the average annual dual-fuel bill go up to £1,161. British Gas has blamed increased wholesale gas and electricity costs and initiatives such as the smart meter roll-out and schemes to reduce carbon emissions being behind its latest hike.
The UK's largest energy supplier said that 4.1 million of its customers would be affected. The increase will be felt the most by customers in Birmingham (Area 14) as the average user will see a £74 price increase.
Based on Ofgem Medium User Averages - gas 12,000 kWh and electricity 3,100.
Chief executive Mark Hodges said:
'We fully understand that any price increase adds extra pressure on customers' household bills. This increase we are announcing today is reflective of the costs we are seeing which are beyond our control.
'Government policies, intended to transform the energy system, are important but they are putting pressure on customers' bills. We believe Government should level the playing field so the customers of all suppliers pay a fair share of energy policy costs.'
Are you a British Gas customer? The best way to beat the latest energy price increase is to move away from British Gas' standard variable tariff on to a cheaper fixed term tariff or by shopping around for a cheaper energy supplier.
Energylinx offers a free and impartial energy comparison and switching service. You can compare energy suppliers on our website or by calling one of our friendly energy advisors on 01259 220000. Our call centre is open Monday to Friday 9am to 6pm and Saturday 9am to 3pm.
Posted on April 10, 2018 at 10:23 AM