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Cold weather hits energy bills

The unseasonable wintry weather is likely to fuel further increases in fuel bills, National Grid has warned. Britain's gas supplies have been very low as a result of higher-than-expected demand for this time of year.

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Energy bills 'set to rise' amid unseasonably cold weather

UK energy bills are set to jump over the next year as a result of continuing gas shortages, according to The Independent.

The so-called Big Six energy providers buy the majority of their gas supplies a year or more in advance.

The unseasonably cold spring weather has meant a heightened demand for gas. Credit: Yui Mok/PA Wire

The UK's unseasonably cold spring weather has led to a heightened demand for gas, which in turn has pushed the wholesale price much higher.

Inenco energy market analyst Joe Conlan told the newspaper it was “conceivable that companies will raise their gas price by at least 10 percent”, while Berenberg Bank analyst Peter Chantry said it was “looking at a 10 to 15 percent increase in dual-fuel bills”.

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