London, England, United Kingdom (AHN) – With winter fast approaching, the British government encouraged over the weekend energy companies to stockpile on gas. Their aim is to ensure that Britain won’t run out of fuel similar to what happened in 2008 when the rest of Europe froze because of Russia’s dispute with Ukraine.
The advise also seeks to protect Britons from too much gas price increase. Over the weekend, consumer groups warned of larger utility bills for winter after Scottish and Southern Energy, the second largest gas supplier in the United Kingdom, announced a 9.4 percent increase beginning Dec. 1.
Scottish price hike would add another $100.50 (67 pounds) to the $1,800 (1,200 pounds) average yearly gas bill of its 3.6 million customers.
Scottish explained the gas price increase to a 25 percent rise in wholesale gas prices and it could no longer afford to absorb the added cost.
The coalition government will introduce an Energy Security and Green Economy Bill which will grant incentives to energy firms to stockpile gas and prevent being charged higher gas price when Britain runs out of fuel.
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