Purchasers face 30% hike in gas and electricity bills
28 August 2012
Electricity and gas prices have risen by about 30 per cent for the major October round of contract negotiations and further rises are likely.
Jeremy Nicholson, director of the Energy Intensive Users Group, a trade body, said members reported average prices almost a third higher than in April, during the previous main series of negotiations.
“And in the last April round, we were looking at price rises of 15-20 per cent, sometimes as much as 25 per cent,” he said.
“It is not inconceivable that we...