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British Gas increases prices on household bills by 35% forcing thousands of people into poverty - when its profits are up by 500%



British Gas raises energy prices

The UK's biggest domestic supplier has heaped misery on households after hiking gas and electricity bills.

British Gas, which has 15.9 million customers, is raising gas bills by 35% and electricity prices by 9%. Average dual fuel prices will jump 25%.

The company blamed soaring wholesale energy prices for the move, which follows price increases from rival EDF Energy last Friday.

The price hikes come into effect immediately and will add an extra 262.80 a year to the average dual fuel customer's bill, or 72p a day.

British Gas managing director Phil Bentley said: "We very much regret that we have had to make this decision at a time when many household budgets are already under pressure.

"The simple fact though is that we have entered an era of unprecedented high world energy prices."

The company blamed increasing global demand, diminishing UK gas reserves and record oil prices for the decision.

But it said standard rate customers will not be hit with any further prices rises this year, while 2.1 million of its fixed-rate customers will not pay any extra at all.

SOURCE

Metro, "British Gas raises energy prices", front page, 31 July 2008
http://www.metro.co.uk/news/article.html?in_article_id=241642&in_page_id=34&in_a_source=


FURTHER READING

Metro, "British Gas bosses' 250k booze-up", 1 August 2008.
http://www.metro.co.uk/news/article.html?in_article_id=245604&in_page_id=34
    British Gas bosses have been accused of indulging in an extravagant and boozy party on the day they hiked gas bills by 35 per cent.
    Comedian Jimmy Carr was among the celebrities hired to entertain the energy company's staff at a 250,000 event, it was claimed today.
    He apparently told middle-managers and sales advisers: "I've put up my fee by 35 per cent - just like you."
    The company's managing director today apologised for employees' rowdy behaviour at the party.


Metro, "Millions burned by 35% gas rise", 31 July 2008.
http://metro.mobi/wap/12721,s,article,id,242759.jsp?

"The Insider" mailing list article, 31 July 2008.

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Tags: British Gas, credit crunch, rip-off Britain, energy crunch, crisis, oil running out, recession, economy, conspiracy theories.

 
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