The energy giant will raise its gas prices by 35 per cent and electricity by 9 per cent in order to deal with spiralling wholesale costs. Centrica, the owner of British Gas blames the rises on “soaring wholesale energy prices” of over 90p/therm for gas in comparison with only 48p at the same time last year. It announced at the … Read More
‘No signs of collusion’ in UK electricity and gas markets
A report published by the Business and Enterprise Select Committee has ruled out price fixing, but insists there are other real problems in the UK’s energy markets. Since the double digit price rises at the start of the year there has been much speculation over how the ‘Big Six’ energy suppliers set their prices. The ‘Big Six’ suppliers are British … Read More