UK energy prices going up we must be next

Catalpa1

Pain for millions of customers as energy giant puts up gas bills by 19% - and electricity is up 10%
This is NOT an anti Airtricity thread Scottish Power are just the first out of the traps in the UK. I would suggest that anyone who can, moves to a cheaper provider who will guarantee their prices until next year.I think John Mullins of Bord Gais already alluded to this a few months back. Might be no harm to pray for a nice winter cos if we have anything like the last two we are going to pay in every sense particularly the old and housebound

Millions of households are facing another 'huge increase' in fuel costs after Scottish Power announced it will raise gas bills by an average of 19 per cent and electricity bills by 10 per cent from this summer.

It is another blow for the company's 2.4 million customers who suffered large rises in 2010, and from August 1 many will have to find an extra £175 a year.
This means the average household will have to pay-out around £1,390 annually for their gas and electricity.
Other suppliers are widely expected to follow Scottish Power's lead over the coming weeks.
The Bank of England has said it expects fuel bills could rise by as much as 15 per cent by the end of the year and British Gas owner Centrica has also signalled that price rises are on the way

More below

Read more: http://www.dailymail.co.uk/news/article-2000402/Pain-millions-customers-Scottish-Power-puts-gas-bills-19---electricity-10-too.html#ixzz1OcvMnx14


http://www.dailymail.co.uk/news/article-2000402/Pain-millions-customers-Scottish-Power-puts-gas-bills-19---electricity-10-too.html

coylemj

What planet have you been living on for the past two years? Petrol is over 1.50 a litre, did you need to read that gutter rag the Daily Mail to realise that energy prices are on the increase?

Catalpa1

Thankfully I live on a planet where for one I dont pay €1.50 a liter I paid €1.489 while ago but know that it is available for €147.9.
I also tend to study the Geopolitical and domestic economic trends have a look at this
http://omrpublic.iea.org/demand/ir_ho_ov.pdf
Heating fuel and petrol and diesel demand in the Republic is COLLAPSING. Equally with energy prices, the fact that huge price rises are coming down the line may be well known to some but I will guarantee you that a lot of people have not factored them in.
If you have the option to keep your utility prices down why wouldnt you.
Re using the Daily Mail I could have as easily used the Guardian or Reuters. all carry precisely the same story. We all know more interest rates are on the way if you had the option to lock in now would you not avail of it, it is largely the same with energy

dudara

This isn't really a Consumer Issue - more of an economics issue.

dudara

andrew

Specifically, an 'Irish Economy' Issue I think.

keithclancy

The market has been so volatile this year most the wholesale price of gas (which unfortunately is linked to oil) is all over the place.

And if your using Gas Fired Power stations then the wholesale price of power goes up too

There'll be increases across the board I'd say, there will be anyway from the Energy Providers in Ireland at some stage, should even out next year though (as long as there isn't another bloody uprising in some country that has oil)

Saying that I managed to get a 3 year agreement for Electric and Gas with maximum margins for increases.