Monday, 13 June 2011

Centrica boss warns of price hikes

The chairman of British Gas owner Centrica has warned households to brace themselves for further steep increases in gas and electricity bills, it has been reported.

Sir Roger Carr told The Sunday Telegraph that the wholesale cost of power has risen by more than 20% in recent weeks, making price hikes across the industry inevitable.

Last week Scottish Power, which serves 2.4 million households, announced that gas and electricity prices would rise by 19% and 10% respectively, adding £173 to the average annual dual fuel bill from August 1.

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