In the first quarter of 2008 the major gas supplier in the UK increased prices to the tune of 15%. The company attributed these increases to rising wholesale costs that needed to be passed on to end users to maintain profit margins.
Warning of the increases was given before Christmas. It is anticipated that the average household fuel bill will increase by £130 annually as a result. Last year the company actually reduced gas prices by 20% (and electricity prices by 17%). In this way the supplier won back a good proportion of its old customer base.
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In order to serve up some good news to offset the damaging publicity caused by these new rises the company has proposed a program of installing free home insulation for the over 70s. It is unlikely that this measure will be sufficient to prevent customers from wanting to compare gas prices. After all, the gas may flow through the same pipes but there are in fact at least a dozen suppliers selling the service. Not all the names are as familiar as this one but in view of this competition it seems sensible to compare gas prices.
In response to the increase in prices, this once nationalized concern has called vigorously for the freeing up of the energy market. They hope that such a move would uncouple gas prices from oil prices: a connection that is always a driver when gas prices go up. Of course, many customers might also recall the millions spent on advertising and think this money may have been better spent improving service. For anyone harboring such thoughts it certainly makes sense to compare gas prices.
Compare Gas Prices - National Gas Supplier Raises Prices
Mark Lauterwein is a UK based writer currently writing on compare gas prices and cheap electricity
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