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Cost of Heating to Rise Again

British Gas has announced today that gas and heating fuel bills are likely to rise again as its profits are squeezed by higher gas and power prices. Centrica, the owner of British Gas, said it would take “action to deliver reasonable margins”.British gas has explained it was reacting to wholesale gas prices increase of 92% from a year earlier, with the wholesale electricity costs doubled during the same period. The company added that its profits would be materially lower in the first half of 2008 despite the price increases of retain gas for domestic heating and cooking.In January 2008, British Gas has increased gas and electricity bills by an average of 15% due to rising wholesale prices.Average household bill for heating is now estimated to rise by about 10% (roughly £105), by late summer with an additional hike of 15% (roughly £173) in January 2009.Energywatch, the industry watchdog, said that if British Gas raises prices, other energy suppliers are likely to ...
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Heating Prices Increase by 15 per cent

Cost of domestic gas and electricity has gone up by around 15%, becoming the latest in an ominously long list of financial bad news recently.British Gas, the UK's biggest energy provider (with around 16 million customers), announced on 18th January an immediate price rise of 15% for its gas and electricity customers. The company has blames rising wholesale prices for the increase. The cost increase translates to an increase of around £130 per year for an average duel fuel bill.Expert plumbers and heating engineers we interviewed were not surprised by the news, which came on the hills of similar price increased from EDF Energy and nPower, both raising their prices by similar levels.Experienced plumbers and heating engineers have been encouraging the community to reduce their exposure to such gas price increases by installing more efficient boilers (for example a new high efficiency condensing boiler) and other renewable energy technologies such as solar water heating. When install ...
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