 Household bills |
| Search News |
|
|
| Find an IFA |
|
|
| Financial News |
|
| UK Spotlight |
Alex Salmond this evening stands accused of failing Scottish workers at the Diageo bottling plant in Ayrshire which is closing with the loss of 700 jobs. After launching a scathing attack on the...
→
Read More
|
|
| Disclaimer |
| Financialadvice.co.uk adheres to the Financial
Services and Markets Act 2000. This site contains only factual and
readily available public information. |
|
|
| |
|
|
|
|
Friday 25th July 2008
Leading UK energy provider EDF Energy has shocked even the most hardened of sector observers with news of a 20% increase in dual fuel bills – homes which take both gas and electricity off the company – which equates to a total bill of £1200 a year. The size of the increase has taken the authorities and consumer groups by surprise and will lead to others following suit in the next few days and weeks.
While many were expecting a rise sooner rather than later, a figure of around £1000 a year had seemed to be the average forecast. The rate of £1200 a year is also likely to increase as we approach the winter meaning bills could fast approach the £1500 a year level – something which nobody could ever have predicted even just days ago. So what does this mean?
As more and more in society struggle to meet pay bills it seems inevitable that there will be a massive increase in the number of people on the energy breadline. Services which we all took for granted are now moving beyond the reach of many and with the economy slowing and job security at risk, things may get substantially worse before they get better. |
→ Request Free Guides on a range of Finance Issues
→ Full Household bills News Archive
→ Return to Homepage
|
|
|
|
| Other top stories in this section:
|
|
|
|
