Consumers nearly £2bn worse off

23/01/2012

Following Scottish Power’s announcement that it would reduce its gas prices by five per cent from February 27, uSwitch has revealed that, as a whole, consumers are £1.9 billion worse off than this time last year.

According to the company’s research, this is because of the extensive changes in energy costs.

In the past year, increases in prices have put energy bills up by £224 – or 21 per cent.

Furthermore, the average annual bill price now stands at £1,259 which is 91 per cent more a year than the £660 per year charged in 2006.

Ann Robinson of uSwitch said that the reductions: “will seem like a drop in the ocean to cash-strapped consumers, especially when compared with the £224 or 21 per cent price hike seen since the end of 2010”, reports Cleardebt.

She continued, “The cost of energy has become a major household worry and these single digit price cuts will do little to change that.”

Tags; Current UK Economy, Housing Debt and Bills,

• Share
• 
• 
• Store
• 
• Follow
•