Market Watch

A few weeks ago I warned that energy prices were set to rise sharply and in the week Scottish Power announced it is to raise the price of domestic gas and electricity bills by 19% and 10% respectively from August 2011, blaming the increases on a rise in wholesale energy costs. The rise will affect 2.4m households and add £175 a year, or 48p a day, to the average dual fuel customer's bill.

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Mike Raybone
Chartered Marketer and emarketing specialist

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