Wednesday, 4 January 2012

British #Energy Bills Increase Despite Less Consumption

Well, there is good news for the environment. Recently, Brits have been consuming less power. This is all well and good, but most Brits are not doing this to save nature. They are doing it to save their wallets. Reports go on to show that British household energy bills actually increased by 9.2 percent on average this year. Oddly enough, bills are rising despite the fact that the average level of consumption was lower than in 2010.

These reports go on to show that Brits paid almost an extra 100 pounds for gas and electricity this year when compared to last year. This is of course more than inflation. Gas suppliers want consumers to believe that they are paying more money due to an increase in wholesale gas prices. If this is true, then consumer bills would likely increase. However, some reports suggest that wholesale gas prices are already coming back down. Despite this fact, household bills are still high. Furthermore, these prices show no sign of coming back down anytime soon.

Reports show that the overall energy consumption level in the UK actually fell by an amazing 2.3 percent year-on-year in the third quarter of 2011. This was driven by a 6.4 percent fall in gas demand. On top of this, electricity demand fell by 1.5 percent as well. This information was brought to light by the Department of Energy and Climate Change.

No comments:

Post a Comment