British Gas customers are going to see their domestic gas and electricity bills rise from August 18th.
The company, owned by Centrica, are blaming the new increases in domestic bills from the rising cost of gas, which has risen by 30 per cent since last winter.
Customers can expect their domestic gas bills to rise by and average of 18% and their domestic electricity bills to rise by an average of 16%.
The increases by British Gas from August will affect nine million customers to the tune of a duel fuel customer paying an extra Â£190 a year.
British Gas Managing Director Phil Betley said of the increases:
“We are buying in a global energy market and have to pay the market rate.
“Rising wholesale costs is an issue facing all energy suppliers.”
It is expected that other energy firms are likely to follow with the rises including Scottish power who announced in June that they would raise the cost of gas by 19 per cent and the cost of electricity by 10 per cent this August.
Price Comparison Service Uswitch said:
“In total, British Gas customers will have seen their bills shoot up by Â£258 or 25% within a year, taking them from Â£1,030 to Â£1,288.”
In May of this year Centrica warned its customers that they were not paying enough to reflect the increasing cost of gas, but for many families already living on borderline budgets the increases from August 18th could leave them facing the thought of a very cold winter ahead.