British Gas announces 5.5% price hike, affecting 4.1m UK households

British Gas announces 5.5% price hike, affecting 4.1m UK households

British Gas will hike its prices by an average of 5.5 per cent next month, taking the price of its standard tariff to £1,161 for a typical dual fuel customer.

The energy firm said the increase was due to rising wholesale and policy costs, and blamed government policy for putting more pressure on customers' bills.

Mark Hodges, chief executive of Centrica Consumer, said: "We fully understand that any price increase adds extra pressure on customers' household bills. This increase we are announcing today is reflective of the costs we are seeing which are beyond our control.

"We continue to work hard to reduce our own costs and keep our prices as low as possible. We have seen other suppliers raise prices and Ofgem increase the level of the prepayment tariff cap largely due to increasing wholesale energy and government policy costs."

Read more at The Independent.

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