Consumers Face Up to 40% Rise in Energy Bills as Gas Prices Soar

Wednesday, June 18, 2008

Consumers could be hit by energy price rises of up to 40 per cent this year as power companies struggle to maintain profitability in the face of a trebling in wholesale gas prices.

Leading market analysts said yesterday that an increase of that magnitude would drive average UK energy bills from £1,048 at present to £1,467 within seven months.

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