- 25 updates
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Chancellor George Osborne has told ITV News that energy companies npower and British Gas should reconsider their price hikes and "see if they are absolutely necessary at a time like this".
He said: "Of course I’m concerned when I see electricity bills going up and partly that is because of things beyond our control – what’s happening in the world with oil prices and gas prices.
"We’ve also got to do everything we can in Britain to try and keep those bills down. I would urge those energy companies to look again at any increases to see if they are absolutely necessary at a time like this.”
Customers on a British Gas tariff which sources power from renewable sources will see their electricity bills leap by 11%.
Around 4,000 customers on the sustainable energy tariff will see an increase which is almost double the rise in British Gas's dual fuel prices announced today.
The tariff matches every unit of electricity a customer uses with a unit of 100% British renewable energy.
Energy and Climate Change Minister Greg Barker said the Government's Energy bill will give regulator Ofgem more powers to improve the markets and will be the biggest shake-up of the industry since privatisation.
Energy provider npower has followed British Gas and announced a rise in its prices by 8.8% for gas and 9.1% for electricity.
Latest ITV News reports
The Chancellor has urged energy companies to reconsider their price hikes, in an interview with ITV News.
Households across Britain could be plunged into a "long, cold winter" after two major energy suppliers increased their prices today.