Published: Wed, April 11, 2018
Money | By Armando Alvarado

British Gas Owner Centrica To Raise Energy Tariffs

British Gas Owner Centrica To Raise Energy Tariffs

The move by British Gas, the UK's largest energy supplier, will likely herald similar increases by its rivals in the coming weeks.

Those customers who move onto a default tariff after their fixed deal ends will also see a £60 rise.

The bill was introduced in parliament in February with the hopes of being passed into law by next winter.

Centrica, Britain's largest energy supplier and owner of household energy supplier British Gas, announced it would raise electricity tariffs from September 15 but would hold gas prices at current levels.

"Wholesale gas and electricity costs and the costs of government policies, including the smart meter roll-out and schemes to reduce carbon emissions, continue to rise".

Centrica, the owner of British Gas, added that the new price will affect 4.1m customers.

This increase we are announcing today is reflective of the costs we are seeing which are beyond our control.

Customers who are on fixed-term deals will not be affected by the rise in prices.

The firm repeated its suggestion that the government should shift green policy costs off energy bills and on to general taxation.

Liverpool's Salah returns to training ahead of decisive City encounter
However, Klopp seems to feel confident that the 25-year-old does have a chance of being fit for the game. I will not guarantee it but it doesn't look too bad he could start", said the Reds boss.

The increase will take effect from 29 May and means British Gas is the first of the major suppliers to raise prices this spring.

"The data is clear, there is simply no justification for price hikes now, especially when British Gas put their prices up a year ago".

But Ofgem said prices are down on a year ago.

Those who pay their bill by cash or cheque will see an average annual price rise of almost £85.

Price comparison websites, which make money from customers switching suppliers, are predicting that other energy companies will follow the British Gas price rise.

British Gas announced plans in November to scrap the standard variable tariffs (SVTs) for new customers ahead of Government plans to impose a price cap on them.

Ed Molyneux, head of research for switching service Look After My Bills, said: "The data is clear, there is simply no justification for price hikes now, especially when British Gas put their prices up past year".

All energy firms have been facing pressure for some time over the way they treat their customers. At an average of £1,136 a year, it is slightly cheaper than the standard variable tariff used by existing customers. The increase will be felt the most by customers in Birmingham (Area 14) as the average user will see a £74 price increase.

Like this: