Economic news

Electricity prices will rise in Britain

Electricity expenses will go up for more than 3 million consumers, as British Gas is set to introduce changes to its tariffs by 12.5% starting mid-September. Typical yearly household bill at a standard price is going to rise by more than £70 up to an average of £1,120, which is a 7.3% growth.

British Gas owner – Centrica stated that tariffs were upped the first time since the end of 2013, mentioning that British Gas increased price after all other suppliers had done so.

As said by the company it’s going to support vulnerable groups of people by crediting over 200,000 customers with the growth amount of £76 through the Warm Home Discount Scheme.

Owner company CEO I. Conn said in an interview that sales at a previous price had been unprofitable and they couldn’t keep on that way. He also said that costs of electricity had remained at the same level since 2014 and onwards there had been a palpable pressures concerning pricing, mainly from the distribution to houses, and governmental policies, all of which are recouped in bills.

6 months ago British Gas fixed its prices for electricity and gas, as it considered it possible to optimize expenses and try to compensate for increased wholesale prices.


To leave a comment you must or Join us


More news


Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree