Residential customers of British Gas got some good news from a recent news release. The energy giant expects the trend toward lower energy costs to continue, reflecting an average annual savings of some £100 on a dual fuel bill.
The news was made as a part of a profit warning to investors. This is good news to customers who are looking for ways to offset other cost increases such as rent hikes and higher food costs. There are two primary reasons for the trend.
The combination of less usage and downward pressure on the pricing due to a drop in raw material costs is good news for customers. Their bills are expected to be about £100 less for 2014 than they were during the prior year.
The impact on fuel bills in 2015 is less clear for a couple of reasons.
For customers who are already struggling with high living costs, any possible bill reduction is welcome news. This is a change that could affect every household.
Customers who are still unable to afford their fuel bills due to hardship and reduced income may wish to request assistance from their energy supplier or related charities.
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