And once again recent rises in household gas and electricity prices are identified as the main culprits. This recession started with a banking crisis. It seems to be being perpetuated by an energy crisis…
In the news
Most people have seen their energy prices rise by £100 since this summer, and now the government are stepping in. At the same time as making energy companies be much more transparent about their cheapest tariffs, they’re asking homeowners to do their bit to help themselves, by properly insulating their homes and taking advantage of things like discounts for paying by Direct Debit. All good stuff – as long as they continue to find ways to make renewable energy a viable alternative, rather than taking a sticking plaster approach of trying to make using fossil fuels more palatable.
The last of the Big Six energy providers increases the price of electricity by 4.5% and gas by 15.4%, putting a quarter of the UK’s households into fuel poverty.
The article says ‘soaring utility bills were the main driver behind last month’s rise’. Time to think about a more affordable, stable and sustainable way to power your home?
Seriously npower… You reported an incredible 130% profit in the first half of 2011. Isn’t it about time you gave your customers a break?