Trouble Turning Up the Heat; Fuel Bills  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 401 no. 8756 (Oct. 2011), page 67.
Topik: Price Increases; Economic Conditions; Energy Policy; Electric Rates; Energy Industry

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.68 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Gas and electricity prices in Britain have risen by nearly a fifth this year, which helped push the latest consumer-price index of inflation, released on Oct 18, 2011, back to its 2008 peak of 5.2%. This week David Cameron, the prime minister, held a summit with the utility companies to whip them into line. But an ear-bashing from politicians won't fix the problem. At stake is more than grumbling by domestic consumers. Since 1990 Britain has boasted one of the most liberalised energy markets in the rich world, and could initially point to some of the lowest prices in Europe. No longer. Bills are rising and fuel poverty, defined as spending more than 10% of household income on energy, is growing: Consumer Focus, a watchdog, predicts this year's price hikes will increase the number of households in fuel poverty from 5.1m to 6.4m. Energy companies offer a simple explanation: oil and gas prices have soared since 2003

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