Centrica managing director Jake Ulrich has warned that gas prices are likely to continue rising for some time. What he meant by this understatement was that energy bills could increase by over 60% during the next few years. This would mean the average household utility bill would increase from £600 per annum to close on £1,000 per annum.

Mr Ulrich went on to say “I do think we will see people change their behaviour, I think people will use less energy and I hate to go back to the Jimmy Carter days in the US, but maybe it’s two jumpers instead of one.”

So whilst acknowledging that times will get tougher, at least Mr Ulrich has come up with a way to help us all reduce our bills - use less energy and wear two jumpers. This certainly isn’t what I had in mind for 21st century living but tough times call for tough measures.

Tags: centrica

This entry was posted on Sunday, July 20th, 2008 at 10:17 am and is filed under Economy, Watch the Pennies. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.