British Gas raises energy prices
July 27, 2006
British Gas owner Centrica has said it plans to raise gas bills by as much as 12.4% for its 10.7 million customers.
The firm's 5.8 million electricity customers will also face a 9.4% increase in their bills from September.
British Gas said "unprecedented high wholesale energy costs" had made the price increases necessary.
News of the fresh round of price rises came as British Gas reported record losses of £143m during the first six months of the year.
Earlier this week, rival EDF Energy announced it would be raising gas bills by 19% from next Tuesday, while Scottish Power said two weeks ago that it would also be increasing bills.
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