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De Omnibus Dubitandum - Lux Veritas

Monday, May 20, 2013

Energy bills 'could overtake mortgages in five years’

By Emily Gosden, 19 May 2013
Energy bills are rising so steeply that they could overtake mortgage repayments in parts of Britain in just five years’ time, the chief executive of supplier, First Utility, has claimed.
Ian McCaig issued the stark warning as he said energy policies must be reviewed to minimise the impact on bills and said consumers should think about turning down their heating to reduce costs. Critics have said that the Government’s environmental policies on windfarms and energy efficiency schemes, for example, are adding unnecessarily to the cost of bills.
“If things continue as they are, or even get worse, for some consumers in some parts of the country we will see energy bills overtake many other bills we have traditionally thought were the biggest items of non-discretionary spend,” Mr McCaig said. …To Read More….
My Take - All of this was perfectly predictable.

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