After recent price increases by Centrica and other gas suppliers, it is now the turn of the water companies to announce future price rises. They have approached Ofwat, the water industry regulator, with details of how much they want to increase prices from 2010. (more…)

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.” (more…)