Wednesday, July 30, 2008

Chronicles Of Depression 2.0: #176

Welcome to the future. We will all have lives of crap.

British Gas bills to rise by up to 35pc
Millions of British Gas customers will have their energy bills hiked by 35pc this winter as the company grapples with the rising cost of energy in the UK.

Centrica, the owner of British Gas, plans to pass on rising wholesale gas and electricity prices to its 16m customers, after revealing that profits have plunged by 68pc in the six months to the end of June.

Those 10m customers who just take gas from the company will see their bills rocket 35pc, while the 6m paying for electricity will be hit with a 9pc increase. Of its total 16m customers, the 5m who take dual fuel will see bills rise by 25pc.

Emphasis added by me.

Look at this:
British Gas said that wholesale gas prices have jumped 89pc over the last year, from 48p per therm this time last year, to 90.8p this year.

Wholesale electricity prices have risen by 72pc, up from £49.62 per mega watt hour to £85.58p mwh over the same period.

Emphasis added by me.

How much more money can be bled out of people already being bled at the supermarket and gas pump?

How long before the Riots of Resentment begin?

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