The Peakist

Wed 26 Jul 2006

British Gas raises energy prices

Posted by Darragh Field under Peakist , Gazprom , Resource , Gas

British Gas owner Centrica has said it plans to raise gas bills by as much as 12.4% for its 10.7 million customers.The firm’s 5.8 million electricity customers will also face a 9.4% increase in their bills from September.

British Gas said “unprecedented high wholesale energy costs” had made the price increases necessary.

News of the fresh round of price rises came as British Gas reported record losses of £143m during the first six months of the year. Strangely the conditions that have led to these increases have not affected the investors dividends which have in fact increased!
Earlier this week, rival EDF Energy announced it would be raising gas bills by 19% from next Tuesday, while Scottish Power said two weeks ago that it would also be increasing bills.

One Response to “British Gas raises energy prices”

dave_murry Says:
July 26th, 2006 at 11:55 pm
Its Gazprom starting to put the squeeze on europe. Oil is at record prices The western hegemony is over…….

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British Gas raises energy prices

One Response to “British Gas raises energy prices”

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