Here we go again. One of the biggest suppliers of gas and electricity in the UK, EDF announced the rise of its energy bills on Friday and thus confirmed customers’ biggest concern over the costs of utility bills.
The rise in the prices for gas should be up by 22 % and the rise in the prices of electricity by 17% with an immediate impact on clients. Despite the fact that oil prices have gone down in the last several days, which have historically been closely linked to the price of gas, the gas prices are still going up. The reason being is that since the beginning of 2008, the costs of energy have gone up drastically almost by 70%. But what will happen next, is this the last rise? No, it is not at all.
According to the suppliers, customers could even expect another rise during the forthcoming winter unless energy prices drop dramatically. This rise could be between 15% to 20%. Let’s see what will happen with the rest of the providers of energy whether they will follow soon. But it is claimed that if a family spends more than 10% of its income on energy bills, they can proclaim themselves to be in fuel poverty. The biggest UK supplier of energy British Gas stated that in the future it will not be abnormal that an average household will spend extra £1000 each year on energy bills. How frightening is that!
