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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Gas demand pushes up wholesale prices

National Grid: Gas demand is up 100 million cubic meters from the seasonal norm. Credit: Rui Vieira/PA Wire

National Grid has just told me that gas demand is up 100 million cubic meters from the seasonal norm - which is equivalent to heating an extra seven million homes.

Usually gas demand at this time of year is 270 million cubic meters, but the actual demand today is 370 million cubic meters.

It has pushed up wholesale prices from a norm of 70p to around £1.

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