This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-40787555
The article has changed 7 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| British Gas to raise electricity prices | British Gas to raise electricity prices |
| (35 minutes later) | |
| British Gas will increase electricity prices by 12.5% from 15 September, its owner Centrica has said, in a move that will affect 3.1 million customers. | British Gas will increase electricity prices by 12.5% from 15 September, its owner Centrica has said, in a move that will affect 3.1 million customers. |
| However, the company's gas prices will be held at their current level. | However, the company's gas prices will be held at their current level. |
| The average annual dual-fuel bill for a typical household on a standard tariff will rise by £76 to £1,120, up by 7.3%. | The average annual dual-fuel bill for a typical household on a standard tariff will rise by £76 to £1,120, up by 7.3%. |
| Centrica said the price increase was its first since November 2013, adding that British Gas was one of the last suppliers to raise prices. | Centrica said the price increase was its first since November 2013, adding that British Gas was one of the last suppliers to raise prices. |
| The company added that it would protect its most "vulnerable customers" against the rise and that British Gas would credit more than 200,000 people on the government's Warm Home Discount with £76. | The company added that it would protect its most "vulnerable customers" against the rise and that British Gas would credit more than 200,000 people on the government's Warm Home Discount with £76. |
| Centrica chief executive Iain Conn told the BBC's Today programme that they were "selling electricity at a loss and that is not sustainable". | |
| He added: "Our electricity prices have been the same since 2014. Since then we have seen significant pressures on cost in two areas - the transmission and distribution of electricity to the home and secondly government policy costs which are recouped through the bill." | |
| British Gas had frozen its gas and electricity prices for six months in February, saying at the time it was able to do so by cutting costs to offset higher wholesale prices. | British Gas had frozen its gas and electricity prices for six months in February, saying at the time it was able to do so by cutting costs to offset higher wholesale prices. |
| Centrica Consumer chief executive Mark Hodges said: "We held off increasing prices for many months longer than most suppliers in order to protect our customers from rising costs, so it is a difficult decision to have to announce an increase in electricity prices." | |
| Are you a British Gas electricity customer? Let us know about your experiences. Email haveyoursay@bbc.co.uk with your stories. | |
| Please include a contact number if you are willing to speak to a BBC journalist. You can also contact us in the following ways: | |
| Or use the form below |