Trade, britains only surviving cloth hall opens after a multi Million Pound renovation. Good morning. Its tuesday 1st august. Im julian worricker. Welcome to bbc Newsroom Live. British gas has said it will increase the price of electricity for the first time in nearly four years. Its owner centrica says Electricity Prices will increase by 12. 5 from 15th september. 3. 1 million customers will be affected. But the companys gas prices will be held at their current level. The average annual dual fuel bill for households on a standard tariff will rise by £76, up by 7. 3 . Ian conn is the Chief Executive of british gass Parent Company, centrica. He explained why the price rise was necessary despite a decrease in the wholesale cost of energy. First of all, the last time we moved our Electricity Prices was in january 2014 and since then they have been held flat. From that time, and you are correct, wholesale prices have fallen, we estimate about £36 on an average bill, that is not what is d
It comes as ee is fined for overcharging Tens Of Thousands of customers who called its Customer Service number. Well have more details on that shortly. Do get in touch on all the stories were talking about this morning. Use the hashtag victoria live and if you text, you will be charged at the Standard Network rate. Our top story today. The Foreign Secretary has said countries are queuing up to sign free trade deals with britain when it leaves the European Union. Borisjohnson also suggests that agreements could be achieved quickly after the article 50 negotiations are concluded, and said the uk would not be hauling up the drawbridge, despite the new Migration Controls promised by theresa may. Our Political Correspondent tom bateman has more. Theresa mays Brexit Speech brought the most clarity yet on her approach to the negotiations. She told ministers and european diplomats she wanted ambitious trade deals with the rest of the eu, but she confirmed britain would leave the unions formalf