Energy Bills Set to Rise As Much As £2000 Per Year

A recent steep rise in energy bills means that many householders across areas of the UK could end up spending as much as £2,000 extra each year by 2016.

A report was recently released by the energy regulator Ofgem, stating that domestic bills for gas and electricity could increase by a massive 60%.

The report showed that the UK is becoming more and more dependent on importing gas. This means that any disruption of the imported supply will lead to large price rises.

Many Councils throughout the country have pledged to help those who will be worst hit by price rises.

One way of helping to reduce the impact is to opt for energy saving measures such as double glazing in windows and doors. However, those who live in listed buildings will need special planning permission to make these changes.

Chief executive of the Energy Retail Association, Garry Felgate, spoke on behalf of the energy providers. He stated that they face a challenge between reduce emissions and meeting energy needs, all at the same time as maintaining affordable prices. These needs are difficult to balance.

A spokesman from British Gas stated that the average monthly profit per account is just £2.30. They also ‘plough’ profits into windfarms and sourcing oil from the North Sea. The spokesman also highlighted that the Ofgem report shows that large investments will need to be put into sustainable energy to prevent an ‘energy crisis’.