Gas bills are rising - but there's light at the end of the tunnel

The already hard-pressed British consumer is being squeezed even more as gas and electricity supplier Centrica announces their second tariff increase of the year. But when it comes to the future of gas supplies to Britain, there could be light at the end of the tunnel.

Gas and electricity prices have been in the media spotlight once more, with Centrica's British Gas announcing tariff increases for the second time this year and most of its competitors seem likely to follow its lead. Energy costs are difficult to avoid and have been putting increasing demands on household income. At the same time, the Monetary Policy Committee has just increased base rates by another 25 basis points to quell inflation, partly stoked by higher energy costs, resulting in higher mortgage and debt repayments. Consumers are therefore being squeezed on both sides.

The price of gas: nearing its peak

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