BRITISH Gas delivered a blow to 7.8 million households as it confirmed a 10.4 per cent rise in electricity prices and 8.4 per cent hike for gas tariffs from next month.
The Centrica-owned energy giant said average customer dual-fuel bills – where it supplies both gas and electricity – will rise by £123 to £1,444 a year, based on Ofgem usage figures.
The price increase will take effect from November 23.
The group is the second of the so-called ‘big six’ providers to increase tariffs after SSE recently announced an 8.2 per cent rise.
As reported in The News, that rise will take effect from November 15.
Nearly eight million households will be affected by the price rise introduced by British Gas.
The company said that the cost of buying energy on the global markets, delivering gas and electricity to customers’ homes, and the government’s ‘green’ levies, were all factors in the decision to put prices up.
‘I know these are difficult times for many customers and totally understand the frustration that so many household costs keep on rising when incomes are not keeping pace,’ said Ian Peters, managing director of British Gas Residential Energy.
‘We haven’t taken this decision lightly, but what is pushing up energy prices at the moment are costs that are not all directly under our control.’