Uswitch Reports Further Utility Bill Rises For Homeowners
Despite Britain’s six largest energy suppliers increasing the cost of their tariffs only a few months ago, consumers could be set to find themselves coming under further financial pressures, it has been suggested.
Pointing towards Centrica’s recently-released interim management statement, uSwitch claimed that two further rounds of price increases could be set to take place over the coming months. In its report Centrica pointed out wholesale gas and power costs have been rising due to a shortfall in imports from continental Europe and rising demand from countries in Asia for liquified natural gas. Record oil prices in Britain were also shown to have played a dominate role in the future of energy costs. As such, it asserted that month-ahead prices for power and gas currently stand at 100 and 92 per cent above respectively figures recorded during the same period of time in 2007.