Higher Energy Bills are on the Way
Wednesday, August 11, 2010 8:14Cash-strapped households have been informed to prepare for higher energy bills in the coming months amid warnings that wholesale gas and electricity prices are rising much faster than expected.
Households should think about getting a fixed-tariff deal as fears grow that energy companies will remove their most competitive deals before the costly cold months and even raise prices.
This week, consumer groups reacted furiously to the news that the UK’s largest residential energy supplier–British Gas, saw profits soar by 98% in the first six months of the year after the coldest winter in living memory forced millions of homeowners to turn up their thermostats.
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