Customers have used a pre-scheduled Q&A session on Twitter to vent their rage at British Gas' plans to hike average energy prices by 9.2%
British Gas may have regretted hosting an question and answer forum just hours after announcing an above-inflation price hike.
British Gas announced a price hike today, just a week after energy company SSE did the same. Here are a few tips to help you save money.
British Gas has announced it will cut its duel fuel energy bills by an average of £53 from 1st January, but its customers bills will still be higher than last year:
Bills still up compared to last year, but British Gas reversing part of its planned 9 percent price increase
British Gas announced it is to cut dual fuel energy bills by an average of £53 from 1st January.
The British Gas 10.4% price increase is the latest in a line of winter bill rises from the "big six" providers over the past week:
- SSE increased prices by around 8.2%, impacting 7.3 million customers
- EDF Energy revealed plans for a 3.9% hike. Less than half the increase of its rivals, the firm chose not to pass on the costs of green levies - in anticipation of them being scrapped
- Co-operative Energy also scaled back its price increase from 4.5% to 2%.
- German-owned E.ON has warned that tariff rises are "increasingly likely" and is reportedly planning to announce a new year rise later this month.
Millions of people will wake up to higher energy costs today when British Gas hikes its prices in the latest round of winter bill rises.
Nearly eight million customers of the Centrica-owned energy giant face a 10.4% increase in electricity prices, while gas will rise by 8.4% - meaning the average customer dual-fuel bill will rise by £123 to £1,444 a year, according to Ofgem usage figures.
Are energy companies about to follow where banks went before?
This lunchtime, the boss of the biggest of the big 6, Centrica, told me that he had decided not to take a bonus this year.
It's important to remember the firm's board won't have made that decision yet anyway, but he is removing himself from even being considered for one.
High pay for bankers certainly met with massive public anger during the worst of the financial crisis.
But it will be interesting to see if Laidlaw's decision makes much difference to anxiety over bills, and whether the bosses of other energy companies follow.
The head of Centrica, which owns British Gas, has decided not to take his bonus this year as anger over soaring household energy bills continue.
Consumers' trust in the energy sector is at an "all time low" and there was an urgent need to rebuild it, chief executive Sam Laidlaw said at the CBI annual conference in London.
He announced his decision not to take bonus and added that there was a need for leadership in the current environment which had to be balanced with being able to attract employees.
"Just to continue in this world where households are under pressure, and assume it is business as normal, is not the way thoughtful remuneration committees think about it," Mr Laidlaw said.
He also repeated the industry's pledge to cut bills if the Government switches environment and social costs to other forms of taxation.
A whistleblower at British Gas has claimed the energy giant boosts its own profits by using millions of pounds of credit built up by former customers.
The provider has taken £20m from customers with outstanding credit over the past year, the unnamed whistleblower told The Observer.
The credit - built up when customers use less energy than they are originally billed for - was taken by British Gas when private and business users were overcharged on initial estimates and then switched to another supplier, with outstanding money still owed to them.
The whistleblower claims British Gas established a special team to speed up what is a legal, but widely frowned upon, transfer of funds.
British Gas said it makes "every effort" to track down former customers to return money to them, but said it is unable to locate all those who have left.
Chancellor George Osborne has said that the sluggish economy must be fixed so that people can afford to pay higher energy bills.
Speaking to ITV News' Political Editor Tom Bradby, he dismissed Labour's pledge to freeze energy prices as a "con trick" and a "gimmick".