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Energy minister urges Brits to switch gas and electricity supplier

Ed Davey referred to British Gas’ price rise as ‘extremely disappointing news’

Energy minister calls for unhappy Brits to switch gas and electricty supplier

Energy Minister Ed Davy reacted to news that British Gas would be raising its gas and electricity prices by an average of 9.2%, by telling consumers to find a cheaper supplier.

He added that the energy supplier needs to explain the latest price rise “openly and transparently.”

British Gas blames increased costs for rise

The energy supplier, which issued a statement in May promising to use increased profits to keep costs low for as long as possible, has blamed higher wholesale energy prices, distribution charges and green levies for the rise.

Around this time last year, the big six increased their prices by between 6% and 10.8%.

Price rises expected across the board

Despite the criticism levelled at both British Gas and SSE for raising energy prices, industry analysts expect the remainder of the big six energy companies to implement hikes in the coming weeks.

SSE was the first of the big six to reveal a rise in gas and electricity prices when it issued a press release last week. The energy supplier announced a price rise of 8.2%, which will come in to effect as of 15 November 2013.

Shadow Energy Secretary, Caroline Flint, said this latest price hike is proof that Ed Miliband’s energy price freeze pledge is a necessity.

Not all suppliers are raising prices

First Utility, the UKs largest independent energy supplier, has pledged not to hike charges this winter. The company’s CEO said the pledge should be seen as a challenge to the big six, who currently supply close to 98% of the UK’s households.

Read more

SSE announces price rise of 8.2%

British Gas announces energy price increase of 9.2%

First Utility promises not to raise energy prices this winter

  • lagrangia

    No switch to any member of the Big Six is of value until they prove by cut-throat competition, that they do not operate a cartel.
    The first Utility supplier to cut current bills by more than 30% should sweep the board. Come on, go for it!

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