Following much speculation that its prices were set to increase, British Gas has announced its electricity and gas prices will rise by six per cent.
The big six energy supplier stated that the price hike had been implemented to cover the cost of energy at wholesale - which is rising - as well as upgrades.
As a result of this increase customers of its dual fuel tariffs will be faced with the prospect of paying on average an extra Â£80 each year.
The prices will go up from November 16 (2012).
Speaking in light of the rise, managing director of British Gas, Phil Bentley, stated: "We know that household budgets are under pressure and this Â£1.50 per week rise will be unwelcome.
"However, we simply cannot ignore the rising costs that are largely outside our control, but which make up most of the bill," he added.
British Gas - one of a number of suppliers partaking in the Warm Home Discount Scheme - has also revealed that it will be making more help available to its customers that want to cut down on the amount of energy they use.
In a statement the company said: "We need an energy efficiency culture in Britain today; rising prices don't have to mean rising bills. We are offering a huge amount of help to customers to help them cut the amount they use and keep their energy bills under control.
"We're also spending more than any other energy company on people who need the most help," the supplier added.
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