Gas bills could rise by 70 per cent to hit more than £1,000 over the next few years because of soaring global oil prices, according to a report produced by analysts on behalf of British Gas. - The Daily Telegraph
Sixteen million customers of British Gas will pay about a third more for gas and electricity from next month, with average bills rising to £1,300 a year.
The other five major energy companies - E.ON, EDF, Scottish and Southern Energy, ScottishPower and npower - are expected to announce similar increases. Centrica, which owns British Gas, issued a fresh warning that domestic gas bills will rise from about £600 now to more than £1,000 per year if oil prices remain high. - The Times
The other five major energy companies - E.ON, EDF, Scottish and Southern Energy, ScottishPower and npower - are expected to announce similar increases. Centrica, which owns British Gas, issued a fresh warning that domestic gas bills will rise from about £600 now to more than £1,000 per year if oil prices remain high. - The Times
Crude oil slipped further on Thursday as deepening economic troubles in the United States had many investors figuring that US consumers would soon be buying less gasoline. US and European shares also advanced on easing credit worries. - France24
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