Debt-hit Brits warned of 40% hike in energy bills
Debt-hit Brits warned of 40% hike in energy bills
Friday 20th June 2008
According to unnamed energy market experts cited by BBC Online, the hikes are set to occur due to skyrocketing prices for wholesale energy.
These are forcing the big six providers to pass on the costs to consumers in order to protect their profit margins.
Should the forecasts of a 40 per cent increase in bills prove correct, it would take the average bill for a household from £1,048 to £1,467.
BBC business correspondent Nils Blythe said the companies are most likely to impose the rises in August when "energy bills are not at the forefront of people's minds".
News of the hikes comes after all of the largest UK power companies - British Gas, E.ON, npower, Scottish and Southern Energy, ScottishPower and EDF - have already imposed double digit increases to their gas and electricity tariffs this year.
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