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Osborne urges energy price cut

Chancellor George Osborne has told ITV News that energy companies npower and British Gas should reconsider their price hikes. The comments came after energy supplier npower followed British Gas in raising its prices.

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British Gas price hike due to 'rising costs'

British Gas managing director Phil Bentley has said rising costs that are largely outside the company's control but which make up most tariffs, were to blame for the announced 6 percent price hike.

Britain's North Sea gas supplies are running out, and British Gas has to pay the going rate for gas in a competitive global marketplace.

Furthermore, the investment needed to maintain and upgrade the national grid to deliver energy to our customers' homes, and the costs of the Government's policies for a clean, energy-efficient Britain, are all going up.

– British Gas managing director Phil Bentley

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