British Gas pushes up energy prices by 5.5%

If you’ve been considering installing a building management system (BMS) for a while now but were still on the fence, then perhaps the latest move by British Gas will convince you, as the UK’s largest energy supplier has announced plans to hike energy prices by 5.5% for residential customers.

The hike will come into force next month, taking the price of its standard tariff to £1,161 for a typical dual fuel customer. The company has blamed rising wholesale and policy costs for their decision, and lambasted government policy for putting more pressure on customers’ bills.

Centrica, the owner of British Gas, said the new price will affect 4.1m customers, who will see their bills go up by an average of £60 per year.

Mark Hodges, chief executive of Centrica Consumer, said: “We fully understand that any price increase adds extra pressure on customers’ household bills. This increase we are announcing today is reflective of the costs we are seeing which are beyond our control.

“We continue to work hard to reduce our own costs and keep our prices as low as possible. We have seen other suppliers raise prices and Ofgem increase the level of the prepayment tariff cap largely due to increasing wholesale energy and government policy costs.“

This proves once again that installing energy management solutions is the best solution for cutting energy bills (since most of the biggest energy suppliers are likely to announce similar price hikes in the near future) and HeatingSave is here to help.

The HeatingSave Building Management System will optimize your costs by helping you run your heating more efficiently, while also taking into account a variety of factors, such as internal and external temperatures, flow and return temperatures, occupancy, etc.

HeatingSave works on most types of central heating systems that use natural gas, oil, solid fuel (such as anthracite), electricity or LPG. HeatingSave will also control renewable heating systems, such as air & ground source and wood burners.

If you’d like to get more information regarding HeatingSave’s extensive list of features, as well as the savings it enables (20 to 3%+ on your bills), just get in touch with our dedicated product team, they’ll be more than happy to answer all of your questions and queries.