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UK gas prices to rise by 14 percent

UK gas prices to rise by 14 percent

LONDON, Sept. 9 (Xinhua) -- Customers of British Gas, a leading British player in global energy market, are facing higher fuel bills after the company said on Friday gas and electricity prices would rise by 14 percent.

The BG will increase residential charges across the Britain from Sept. 19, blaming rising oil prices and shrinking domestic gas reserves.

The company said it would offer a 60 pound rebate to 250,000 low- income customers to help them pay bills over the winter.

Rivals Powergen and EDF Energy have also announced price rises recently as commodity prices surged to records.

The forthcoming ...

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