British Gas needs to cut charges following record profits
In the UK households have seen the cost of their energy bills soar over the past year, with around thirty percent added to the cost of the average energy bill for UK households, and consumers paying an average of one thousand pounds a year for their gas and electricity. And after these massive rises have been enforced and consumers have been forced to pay hefty prices for their energy usage British Gas is now allegedly set to reveal record profits.
Reports indicate that the wholesale cost of gas has actually dropped, but this has not been reflected in the prices that consumers in the UK are having to pay for their energy. The soaring prices that have been enforced over the past year have left many households in a fuel poverty situation, where they are unable to afford to heat their homes. In the past this is a problem that has affected mostly the elderly, who are on limited incomes, but it is now starting to affect the average working household too.
According to the gas and electricity suppliers the prices of energy bills soared because the cost of wholesale energy doubled in the early part of last year. However, since that time they have actually halved again, but the reduction has not been reflected in the prices being charged to domestic customers, many of whom are now paying through the nose for their energy.
Experts state that many consumers could take action now rather than waiting around for prices to drop, and this is by searching around for cheaper providers, with more and more suppliers offering low cost deals in order to try and attract new custom from the bigger companies that are charging extortionate prices. Consumers should find it easy to switch and can compare energy prices online.
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