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British gas price changes

British Gas price rises 2018

British Gas announces a 3.8% price rise for gas and electricity customers

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The news, announced by the big six energy supplier in August 2018, was the second price increase to its standard variable tariff in 2018. The increase affects British Gas standard variable rate tariff customers' bills by £44 per year on average and takes effect 1 Oct 2018.

British Gas was the first big six supplier to announce a price rise in April 2018, and has stated that further rising wholesale costs since then is the reason behind their second and latest price increase.

In total, the two British Gas price rises will add £104 to its customer’s bills in 2018.

This price rise will affect dual fuel customers on standard variable rate tariffs — around 3.5 million customers. This makes British Gas's standard tariff £352 more expensive than the cheapest energy deal currently on the market.

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Second price rise "a major shock"

Rik Smith, energy expert, said of the latest price rise, “A second price rise from British Gas will be a major shock to customers still licking their wounds from the hike announced just four months ago. The last time British Gas issued more than one price increase in a single year was 2010.

“British Gas’ standard tariff was already one of the most expensive tariffs on the market. There’s now a feeling that British Gas is hiding behind Ofgem’s prepayment price cap increase, to hike its own prices again.

“The only silver lining is that households are switching and saving in greater numbers than ever before. So far this year 2.7 million people have voted with their feet and ditched their supplier. Switching is quick, easy and could save households up to £482 a year - far more than any cap has predicted.”

Previous price rises from British Gas

  • Read the Transcript

    British Gas have announced that they’re putting a price rise on their standard variable tariff. And, this follows the raft of price rises that we saw at the beginning of this year from all of the other Big 6 energy suppliers.

    Unlike them, British Gas held off that price rise for six months. However, it’s really important that their customers don’t get lulled into a false sense of security by this.

    Standard variable tariffs are some of the most expensive tariffs in the market, and you can save up to £618 by switching from them.

    Unfortunately, the energy industry is one where loyalty just doesn’t pay, you really have to be making an active choice to get a good deal.

In August 2017, British Gas announced a price of 12.5% for electricity customers, a rise of £76 per year on average.

"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[6] 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.

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