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Centrica report warns UK gas prices could soar by 70 per cent
Centrica report warns UK gas prices could soar by 70 per cent
Last Modified: 17 Jul 2008
By:
Faisal Islam
And it could herald a permanent change in energy costs for British consumers, Channel 4 News has learned.
An independent report commissioned by Centrica, which owns British Gas, warns that prices are likely to soar far higher than energy companies have admitted in public.
And it says the increases are not just a spike - which would give the government a problem in managing the social and economic impact.
At least part of the problem is North sea gas, which is running out. And that means Britain's gas supplies are more influenced by the surge in global oil prices.
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