Powergen increases energy prices

Energy company Powergen has said it is putting up its gas and electricity prices for the second time this year.

The company’s domestic gas prices will go up by 18.4% and its electricity prices by 9.7% from 21 August.

It blamed the latest move on the rising wholesale cost of gas which it said had climbed 87% since the start of 2005.

The latest increases bring Powergen into line with the other major energy suppliers, who have all raised prices for a second time this year.

In March, Powergen increased its gas prices by 24.4% and its electricity prices by 18.4%.

BBC NEWS | Business | Powergen increases energy prices

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