Marching_On_Together

by **Twong** on Mon May 12, 2008 2:44 pm

http://itn.co.uk/news/cc5962b730515287e ... a32d2.html

British Gas owner Centrica has warned of further possible bill hikes for customers as wholesale gas prices continue to climb.

In January, the firm upped gas and electricity bills by an average of 15 per cent to help cope with rising wholesale prices but these have continued to rise and have led to profit margins being squeezed.
Wholesale prices are being driven by record oil prices, rising demand in Asia for the available liquefied natural gas (LNG) and insufficient supply from continental Europe, Centrica said

As a result, first-half group operating profit will be materially below that of last year due to lower profitability at the firm's British Gas retail arm.

Wholesale prices are being driven by record oil prices, rising demand in Asia for the available liquefied natural gas (LNG) and insufficient supply from continental Europe, Centrica said.

On average, month-ahead prices for gas and power are up 92 per cent and 100 per cent respectively from the same period last year.

by **Twong** on Mon May 12, 2008 2:45 pm

http://www.dailymail.co.uk/pages/live/a ... ge_id=1770
Household gas bills could rise by more than £400 this year, as British Gas today signalled another price increase of 20 per cent.

Marching_On_Together

Gas prices on the up again!

Gas prices on the up again!

Re: Gas prices on the up again!

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