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UK energy bills are likely to rise, say energy bosses

Posted on the 07 December, 2010 at 5:30 pm Written by in Fuel prices

The BBC and Sky News reported Bosses of the UK’s leading energy companies have told a committee of MPs that bills are likely to rise in years to come.

They told the Energy Committee that the “inevitable direction of wholesale prices” meant domestic bills would get more expensive over the next decade. One suggested that prices could rise by between 15% and 25% by 2020.

Paul Golby, the chief executive of E.ON UK told the politicians his firm had no intention of increasing prices this year, but added: “The inevitable direction of wholesale prices is upwards.”

“In terms of tariffs, I think we will see continuous rises throughout the next decade. The only way we can combat that is of course through energy efficiency measures.”

source: http://www.bbc.co.uk/news/business-11935869,

source: http://news.sky.com/skynews/Home/Business/Only-Way-Is-Up-For-Gas-Bills-Warn-UK-Big-Six-Energy-Companies/Article/201012115849459?lpos=Business_News_Your_Way_Region_5&lid=NewsYourWay_ARTICLE_15849459_Only_Way_Is_Up_For_Gas_Bills%2C_Warn_UK_Big_Six_Energy_Companies)

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