Britain’s biggest supplier blamed increasing costs of green energy subsidies and levies to fund power networks for the rise ReutersMinisters faced calls to intervene on energy prices yesterday after British Gas increased bills for three million households by up to £76 a year. Action to tackle prices appeared to have stalled amid an impasse between the government and the regulator, Ofgem, over who should implement a wide-ranging price cap on standard tariffs promised by Theresa May. Britain’s biggest supplier blamed increasing costs of green energy subsidies and levies to fund power networks for a 12.5 per cent increase in standard electricity prices, adding £61 to bills. British Gas said that it was also scrapping a £15 discount offered to customers who buy both gas and electricity, so increasing their bills by a total of £76 a year from mid-September. The government said that the…

Source: The Times August 01, 2017 23:01 UTC