UK energy bills to increase for a decade

Phil Bentley, the managing director of British Gas, stressed that Britain should invest between £80 billion and £100 billion in order to improve the National Grid and other power networks over the next 10 years, suggesting millions of householders would face higher bills.

Moreover, the green energy taxes would add about £140 to the average household bill over the next eight years.

“People will have to pay more per unit [over the next 10 years] and they are therefore going to have to be more diligent in saving energy,” Bentley said.

He asked for a “sensible debate” about the economic priorities of the people. “How many people are saying to Vodafone ‘I want a discounted tariff because I can’t afford a mobile phone’? That’s what we [offer].

In 2011, the average dual fuel British Gas bill was £1,024.

Bentley declared that more investments in nuclear energy would also increase the energy bills, “while government plans to simplify household tariffs could have the unintended consequences of removing cheap deals from the market.”

His remarks came after British Gas increased the prices by 17 per cent last year, arousing widespread accusations of taking advantage of the situation when people were facing harsh cuts imposed by the coalition government.

Meanwhile Brentley insisted that his company has profit scopes of 5 per cent and said the public should reconsider “what is important.”

SAB/JR/HE

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