Britain 'on the brink' of energy crisis

by liamssoft | February 20, 2013 at 02:13 am

67 views | 1 Recommendation | 0 comments

Households must prepare for a sharp rise in energy bills within two years as Britain comes “dangerously” close to power shortages, the chief executive of Ofgem has warned.

The average household energy bill is more than £1,400 following a series of increases in the past six months. Prices have risen by almost a fifth in the past four years.

Charles Hendry, a Tory energy minister until last September, agreed that Britain faced a “really big challenge”.

He predicted that higher prices were more likely to hit in 2018 but that it would be impossible to predict how far bills could rise....Read more