British Gas announces a 12.5% price rise for electricity customers
The news, announced by the big six energy supplier in August 2017, came after an extended winter price freeze.
Citing rising policy and network costs, the UK's energy supplier stated that it would be increasing prices for 3.1 million standard variable plan customers by £76 per year.
Effective 15 September 2017, the price rise will add a total of £235.6 million to British Gas customers' bills — as they see the average price of their plan rise from £1,044 to £1,120 just ahead of winter.
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"A body blow for consumers"
“With these hikes set to kick in just before the winter, this is a body blow for consumers," stated Claire Osborne, uSwitch energy expert. "At a time when living costs are rising faster than wages, this hike could push many families into the red. Customers should not be lulled into a false sense of security. The British Gas standard tariff remains the cheapest among the big six but it is still £286 more expensive that the cheapest deal on the market today.
“It’s time switch supplier and send a message that price rises like these just aren’t acceptable. Seven in ten households are overpaying for their energy on expensive standard tariffs, yet within ten minutes they could switch and save hundreds of pounds – as well as protect themselves against further hikes by fixing their tariff.”
See more information about BG, including British Gas price change history, customer satisfaction reviews and where their average bill costs ranks among the big six on uSwitch's British Gas supplier page.