Gas dispute may lead to UK price increases

Compare tariffs and switch energy supplier in minutes

 
Compare energy deals and switch supplier to cut your energy bills by £447* a year - start saving money in a matter of minutes!

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 1 Jul 2018 and 31 Dec 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £447 or more.

A major dispute between Russian and Ukrainian companies over gas could lead to price rises for energy customers in the UK.

Russian company Gazprom released a statement yesterday claiming it may be forced to reduce gas supplies to its neighbour after the country's unpaid bills for the fuel's delivery topped £625 million.

The move has led UK energy companies that receive supplies from Ukraine, including British Gas owner Centrica, to speculate that the reduction could force British prices up in the coming months.

Talking to the Telegraph, a Centrica spokesman said: "We have no plans to raise bills between now and the end of the year but we are all looking at how winter pricing turns out. This potentially adds to upward pressure."

News of possible price hikes has come after Ofgem revealed gas customers may face small increases on their energy costs as it plans major investment into the replacement of old mains pipes.

The UK energy regulator has told consumers to expect an increase of £1 per year in real terms on their bills.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.


Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more