Building a world of
resilient communities.



UK: Energy prices to soar early next year

Millions of households face another rise in gas and electricity bills early next year in response to soaring wholesale energy costs.

Industry experts warn it is only a matter of time before some companies are forced to shut down their plants during the winter when prices reach their annual peak.

The Energy Intensive Users Group (EIUG), which represents large industrial consumers such as chemical, steel and gas producers, said UK gas prices in particular were much higher than in leading competitor countries. According to one recent report, they are almost 40 per cent higher than in the United States.

It has joined watchdog Energywatch in calling for further investigations into recent wholesale price movements.

Jeremy Nicholson, director of the EIUG, said: "In the absence of a comprehensive investigation it is difficult for industry to see why [ international] price differences should be so wide."

Gas wholesale prices hit a record 43.5p a therm last week, while electricity prices struck a peak of ?35 per magawatt hour, a rise of 40 per cent since the start of the year. A combination of factors, including record oil prices, the depletion of North Sea gas reserves and a crackdown on carbon dioxide emissions, has been blamed.

Spiralling wholesale energy costs are expected to hit consumers in a new round of price increases next year. British Gas, which put up prices 5.4 per cent in January, announced last month that the cost of gas will go up a further 12.4 per cent and electricity 9.4 per cent.

Price comparison service uSwitch says families could see their power bills rise by as much as ?145 this year.

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Find out more about Community Resilience. See our COMMUNITIES page
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.


This is a community site and the discussion is moderated. The rules in brief: no personal abuse and no climate denial. Complete Guidelines.


Born of Triumph and Tragedy, Social Justice Org Fosters Health Equity and Well-being of Communities of Color

Though D’Artagnan Scorza grew up economically disadvantaged amidst a …

Help by Giving Time

Time is money – so the saying goes. Now you can donate and even …

Repair Cafe and Seeing the Beauty in Broken Things

Actually, in Silicon Valley, some engineers do still work with their hands, …

Dark Mountain Issue 10: Uncivilised Poetics

There’s something dishevelled and unsettling about poetry.

Vindication for Press Freedom as Charges Dropped Against Journalist Amy Goodman

In a vindication for press freedom and land protectors fighting against the …

Into the Ruins Issue 2: Review

Science fiction fans who pine for stories grounded in reality, rather than …

Naomi Klein & the Let­down of the Leap Manifesto: It's Time We Divest From the Pipelines – the Pipelines of Film & Television (part 4/4)

There is no single extremely viable change we could make in our lives to …