British Gas warns of 15% increase to energy costs this winter
British Gas owner Centrica has warned that UK wholesale gas costs will be around 15% higher for this coming winter than the last winter, causing gas bills to rise significantly.
In a statement issued ahead of its AGM, Centrica warned, "The trend for retail energy costs remains upwards.”
Gateway’s Managing Director, Andrew Kneeshaw, commented:
“This warning of rising gas prices is curious in view of the fact that we’ve seen prices fall quite steadily for the last few months and, generally, we’re probably getting better forward prices now than we were a year ago.
“The struggling economy and weak demand continue to drive prices lower at the moment. Maybe they know something we don’t and it’s time to secure contracts for next year…”
If you’re concerned about your business’ energy prices and would like to make sure you’re on the best possible rate for you, call our Energy Broker team on 024 7669 8888.