Black Thursday for gas and electricity bills - Gas and electricity - News - Moneyfacts


Black Thursday for gas and electricity bills

Black Thursday for gas and electricity bills

Category: Gas and electricity

Updated: 10/11/2011
First Published: 10/11/2011

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Households have been urged to check what they are paying for their energy bills after the last of the latest round of gas and electricity price hikes came into effect at midnight last night.

Customers of EDF Energy have just seen the cost of their gas increase by 15.4%, while their electricity prices have gone up by 4.5%, adding around 33 pence per day to the average dual fuel bill.

As a result, it means that all of the price rises announced during the course of the year by the 'big six' UK gas and electricity suppliers have kicked in just as the winter is about to bare its teeth.

Scottish Power increased its gas and electricity prices for retail customers by 19% and 10% respectively from 1 August, while British Gas hit its average domestic gas customers by another 18% and its electricity customers for 16% from 18 August.

E.ON hiked its gas prices by 18.1% and its electricity prices by 11.4% on 13 September, while just a day later, customers of Scottish and Southern Energy saw household gas prices rise by 18% and household electricity prices increase by an average of 11%.

Npower's gas prices increased by 15.7% on 1 October, with its electricity prices rising by 7.2% at the same time.

Despite the rises, Mark Todd, director of the independent price comparison service, has told consumers there are still plenty of good deals being offered for those who are willing to switch.

"Fixed rate deals of one to four years are available at lower costs than standard prices and there are internet rates offering savings of about £300 a year," he added.

"In hard-pressed Britain today a £300 saving for 10 minutes work must be worth checking out."

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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