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UK gas bills hit a record high

It is estimated that the average quarterly winter gas bill for UK households will be something in the region of £616 having been boosted by £120 due to the cold snap at the beginning of 2010. This 20% increase in the average gas bill will see many people pushed into energy poverty spending more than 10% of their monthly income on their utility bills. So where will it all stop?

In a nightmare scenario for UK consumers and businesses we have seen problems with supplies from Norway as well as a cold snap which pushed gas spot prices higher in the wholesale market. Many people and businesses will be dismayed when they receive their next quarterly bill which is almost certain to be the highest ever seen in the UK.

There are growing concerns that the UK utility sector now depends upon overseas parents and overseas supplies to an alarming level. The UK government is coming under pressure to introduce consumer and business friendly regulations which would limit price increases and make utility companies more accountable to their customers. How and when this may be done is another question but ultimately UK businesses and UK consumers need help now!

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