trade, britain s only surviving cloth hall opens after a multi million pound renovation. good morning. it s tuesday 1st august. i m 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 company s 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 gas‘s 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 i
the piece hall in halifax has re opened today following a £19 million transformation. good afternoon and welcome to bbc news. british gas will increase electricity prices by 12.5% in september, a move which will affect more than three million customers. its parent company centrica said the price rise is a because of the increasing cost of transmitting energy to people s homes, and government environmental policies. the government has indicated that it may still legislate to impose a cap on energy prices. our business correspondent theo leggett reports. british gas likes to say it is putting its customers in control. but even if they turn the heating down, those on a standard variable tariffs will see their bills going up. after the increases announced today, the cost of an average dualfuel energy bill, electricity and gas, provided by british gas, will be going up. it will now cost £1120 a year, an increase of £76 compared to last year. it is not the cheapest among the big
reopens following a £19 million makeover. good afternoon and welcome to bbc news. british gas will increase electricity prices by 12.5% in september, a move which will affect more than 3 million customers. its parent company centrica said the price rise is a because of the increasing cost of transmitting energy to people s homes and government environmental policies. the government has indicated that it may still legislate to impose a cap on energy prices. our business correspondent theo leggett reports. music. british gas likes to say it is putting its customers in control. we are bringing the nation smarter connected homes. but even if they turn the heating down, those on a standard variable tariffs will see their bills going up. after the increases announced today, the cost of an average dualfuel energy bill, electricity and gas, provided by british gas, will be going up. it will now cost you £1,120 a year, that is an increase of £76 compared to last year. it is not the