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British gas price changes

British Gas price rise 2018

British Gas announces a 5.5% price rise for gas and electricity customers

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The news, announced by the big six energy supplier in April 2018, will increase British Gas standard variable rate tariff customers' bills by £60 per year on average and takes effect 29 May 2018.

Citing rising wholesale energy costs, British Gas is the first big six supplier to announce a price rise in 2018.

This price rise will affect dual fuel customers on standard variable rate tariffs — around 4.1 million customers. This makes British Gas's standard tariff £369 more expensive than the cheapest energy deal currently on the market.

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A 'bolt from the blue'

Claire Osborne, energy expert, said of the price rise, “This rise is a bolt from the blue for the four million customers on British Gas' Standard Variable Tariff.

"While many are still counting the cost after a long and cold winter, they will be wondering whether British Gas have taken the opportunity to use the prepayment price rise as an excuse to increase rates ahead of a potential wider price cap.

“Likewise, British Gas is also raising prices on its new default 'Temporary Tariff' by the same amount. with the difference between the two deals a mere £25, it’s important that customers are aware that neither the SVT nor the Temporary Tariff offer anything close to a good deal.

"The danger now is that the rest of the big six may be tempted to follow suit. Customers can send the clearest message that they won't tolerate being taken for a ride by switching supplier to a cheaper tariff, with savings of up to £482 on offer."

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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