British Gas announces huge price rises

by Marghaid Howie on 08 July 2011  |  2 comments
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The biggest UK energy supplier has just revealed a painful price rise of 18% on gas and 16% on electricity from 18th August.

Energy price rises are definitely not confined to winter this year, with British Gas swiftly following ScottishPower in announcing huge price hikes. We’ve already suffered an average rise of 6% across all suppliers this winter, and now this will add around £200 to the average yearly bill for millions of British Gas customers on their standard tariff.

These announcements will heap even more pressure on UK consumers’ finances, forcing millions more people into fuel poverty. And British Gas will by no means be the last this summer. Scottish & Southern Energy has suspended doorstep selling with immediate effect, which in the past has been a precursor to a supplier announcing a price rise.

Now really is the last chance for consumers to lock in a fixed rate to stop their prices going up. Even more fixed tariffs have been withdrawn from sale, with very few cheap deals remaining.

Here are the top 5 fixed tariffs available now:-

*Based on typical tariff costing £1,150 p.a. Based on Dual Fuel, payment by monthly Direct Debit, average usage as set by Ofgem. Prices correct as of 8th July 2011.

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