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Higher household energy bills expected
Ofgem has revealed that many households will be faced with higher energy bills this year, despite a fall in the cost of wholesale energy.
The latest report from the energy suppliers' regulator found that profit margins for companies are now around £105 per dual fuel customer.
This is an increase of £30 on November's figures.
Lesley Tudor-Snodin from the group National Energy Action, has condemned the price rises and suggested that they may prove confusing to low-income households that have already been struggling to afford their winter fuel bills.
Ms Tudor-Snodin said: "We are expecting energy prices to rise to cover investment costs of new infrastructure, but households on the lowest incomes who have just spent the winter worried about whether or not they can afford to put their heating on will now be wondering why the energy suppliers' profits have increased so much this year, especially when the price of wholesale energy continues to fall."
Consumers could cut their energy costs in the long-term by looking to ideas such as the government's feed-in tariff scheme which allows homeowners to generate their own renewable energy.
The latest report from the energy suppliers' regulator found that profit margins for companies are now around £105 per dual fuel customer.
This is an increase of £30 on November's figures.
Lesley Tudor-Snodin from the group National Energy Action, has condemned the price rises and suggested that they may prove confusing to low-income households that have already been struggling to afford their winter fuel bills.
Ms Tudor-Snodin said: "We are expecting energy prices to rise to cover investment costs of new infrastructure, but households on the lowest incomes who have just spent the winter worried about whether or not they can afford to put their heating on will now be wondering why the energy suppliers' profits have increased so much this year, especially when the price of wholesale energy continues to fall."
Consumers could cut their energy costs in the long-term by looking to ideas such as the government's feed-in tariff scheme which allows homeowners to generate their own renewable energy.
Published: 26/02/2010
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