Comment on British Gas price rises
Commenting on the latest electricity price rises announced today by British Gas owner Centrica, Dr Jonathan Marshall, energy analyst at the Energy and Climate Intelligence Unit (ECIU), said:
“Announcing a price hike on this scale just weeks after capping bills dominated the political debate shows how the Big Six have scored a win over both major parties since the general election. Despite low wholesale costs, accusations of excess profiteering and regulators saying that there is no reason to boost prices, British Gas feel confident announcing this inflation-busting rise when household budgets are being stretched.
“Instead of pointing the finger at policy costs – which have been shown to cut overall bills by reducing waste - British Gas should be looking to the long term and backing low–cost renewables and smart, flexible technology which have been reported time and time again as offering billions of pounds of benefits to UK homes and businesses.”