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British Gas hikes electricity prices

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Staff Writer | August 1, 2017
British Gas has hiked its electricity prices for households by a whopping 12.5% from mid September, parent company Centrica said.
British Gas
Britain   Gas prices will be held at their current level
Although gas prices will be held at their current level, the average annual dual fuel bill for a typical household on standard tariff will rise by £76 to £1,120, an increase of 7.3% and the company promised to provide a credit to more than 200,000 vulnerable customers.

Centrica, which lost 377,000 energy consumers in the half, reported revenue of £14.3bn for the first half of the year, a rise of 7% that fed down to a 2% rise in earnings before interest, tax, depreciation and amortisation to £1.28bn.


 

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