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Energy Bills Set For A Massive Rise

To date there has been much speculation about the future level of household energy prices with many observers criticised for suggesting that bills could rise by as much as 40% over the rest of 2008. Unfortunately, after representations to the commons committee by Dr Paul Golby, the chief executive of E.ON UK, it seems as though this much rumoured 40% rise may not be too far from the truth.

Dr Golby has confirmed a 60% increase in the price of gas and coal over the last four months and warned the commons committee looking into energy prices that the pressure is most definitely on the upside. While the company were unwilling to mention exact figures the suggestion is that we will see substantial increases over the next few months, perhaps phased in to avoid too much backlash from the public.

In a separate incident today there have also been calls from Help The Aged to assist the poor as more recent price rises continue to hit the elderly hard. At this moment in time it looks as though the government are unwilling or unable to assist, even though associations like Help The Aged expect to see a major increase in those suffering.

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