Energy suppliers may be exposed to around £1.9 billion in debt, much of which could be unrecoverable, as households struggle to pay soaring energy bills.
household energy bills
A UK energy expert has exposed the rate at which non-commodity charges for electricity bills have risen year-on-year – 10% every year for the past 10 years.
Scottish Tory proposals to shift renewable energy policy away from onshore wind would hit jobs and economic development while driving up household energy bills, it was claimed last night.
Household energy bills in an independent Scotland could be three times higher than if the nation voted to stay in the UK, it was claimed yesterday.
Scottish Gas owner Centrica said yesterday a new deal to import enough gas to meet about 5% of the UK's annual demand would help to keep its household energy bills competitive.
BUSINESSMAN Magnus Brown runs Mackenzie Fire Protection, a family firm based at Kemnay. He moved from Aberdeen to a house near Sauchen a year ago with his partner, Fiona.
The UK's second biggest energy supplier said yesterday it hoped to cut household energy bills early next year.
BRITISH Gas firm Centrica said yesterday it planned to tap shareholders for £2.2billion to fund the acquisition of a 25% stake in nuclear generator British Energy (BE).
Bank of England rate setters said yesterday that a further rise in oil prices posed the biggest threat to efforts to bring runaway inflation under control.