British Gas, which is owned by Centrica, will raise electricity prices by 12.5% on last year in a move which will affect 3.1 million customers. Gas prices will remain unchanged, meaning that the average duel bill will rise to £1,120 ($1482), an increase of 7.3% or £76. British Gas promised to give £76 credit to over 200,000 vulnerable customers to mitigate the increase. A spokesperson for the Department for Business, Energy and Industrial Strategy said that further action "to increase fairness for customers" could not be ruled out.
British Gas, which is owned by Centrica, will raise electricity prices by 12.5% on 15 September in a move which will affect 3.1 million customers. Gas prices will remain unchanged, meaning that the average duel bill will rise to £1,120 ($1482), an increase of 7.3% or £76. British Gas promised to give £76 credit to over 200,000 vulnerable customers to mitigate the increase. A spokesperson for the Department for Business, Energy and Industrial Strategy said that further action "to increase fairness for customers" could not be ruled out.