Gas bills ‘to top £1,000 a year’
July 19, 2008
Energy bills could rise by more than 60% within the next few years, a report for the UK’s biggest domestic energy supplier Centrica has said.
It said annual average gas bills could rise from £600 to more than £1,000 early in the next decade.
Continuing high oil prices could lead to rises in the cost of both gas and electricity, it added.
The energy minister said predictions of huge rises were “mere speculation” and may not prove to be accurate.
But Malcolm Wicks told Channel 4 News: “Bills are likely to go up. Certainly that is the case. I agree with the person who said that the era of cheap energy is over.”
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