The news that gas and electricity bills are due to rise has come as a shock revelation to all customers. Centrica, who owns British Gas, has blamed the increasing cost of gas and power as the reason behind the increase. Wholesale gas prices rose an incredible 92% from last year with wholesale electricity prices doubling, which is not good news for anybody.
Earlier this year the price of utilities were increased by an average of 15%. In terms of what this means to you and me, there would be a rise of 10% (£105) to our household bills and a further 15% rise expected in 2009. This all means that our pockets are being hit hard by the squeeze and means saving for a rainy day is becoming increasingly important but also more difficult as the clouds start to gather.
Finding cheap electricity and gas is becoming increasingly difficult because of all the price increases that have come to fruition in the past few years. If British Gas does go ahead with the increase, other companies are likely to follow suit which is bad news for the public and its wallets.
The best way to find the most competitive deals around is to compare electricity prices online where you can search through the leading providers to find the best deal that suits your needs and your pocket. As the credit crunch and increases in gas and electricity bills stretch our spending power, it is imperative we all cut down on unnecessary spending.
Finding prices on utilities may be harder at the moment but deals are still available online and to compare electricity prices and tariffs shop around for the best deals. Prices may have risen but cheap electricity is still attainable.
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