We recognise that energy bills are a real worry for hard-pressed households, particularly at a time when the cost of living is rising faster than incomes. It has been a difficult decision therefore to announce an average increase of 9.2% in household energy prices – 8.4% on gas and 10.4% on electricity – from 23 November 2013.
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The price rise means that the average annual dual fuel bill for British Gas customers, assuming seasonally normal temperatures, will rise by £107 from £1,190 to £1,297.
A total of 7.8 million households in Britain will be affected by today’s announcement; another 1.7 million British Gas households already benefiting from fixed price contracts are unaffected.
Using Ofgem’s current industry average annual consumption data of 16,500 kWh of gas and 3,300 kWh of electricity, today’s price rise would increase the average British Gas dual fuel customer bill from £1,321 to £1,444.