Gas price hike could happen next month, says industry expert

Post by Jeff on 27th April 2011 in

Gas price hike could happen next month, says industry expert

Homeowners could see their energy bills rise again from next month, according to price comparison website Energyhelpline.com

Continuing unrest in the Middle East and the recent earthquake and tsunami in Japan have helped push the wholesale price of gas even higher – 56 per cent higher than one year ago.

According to a report by the Scotsman newspaper, energy companies could look to pass on part of the extra burden to consumers as early as next month. Firms have already started withdrawing their most competitive fixed-rate energy deals from the market.

In the past six months all of the ‘big six’ energy suppliers have increased their prices and now it appears they are once again considering increases in order to protect their margins.

As a result, it’s likely more homeowners will be looking to ensure that their appliances are as energy efficient as possible and therefore not adding unnecessarily to household energy bills. 

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