British Gas Hikes Electricity Prices By 12.5%

British Gas will increase electricity prices by 12.5% from 15 September, its owner Centrica has said, in a move that will affect 3.1 million customers.

Gas prices are unchanged, but the average annual dual-fuel bill for a typical household on a standard tariff will rise by £76 to £1,120, up by 7.3%.

Centrica said the rise was a result of transmission and distribution costs and the costs of government policy.

Methinks that British gas will continue to lose customers!