The average energy bill for a British household could rise by as much as 46pc this year, market experts warned today.
 
If oil and wholesale gas prices continue to soar, energy bills could hit £1,327 by the end of 2008, an unprecedented increase in one year, according to price comparison website uSwitch.

uSwitch made its prediction after British Gas gave a thinly veiled warning that bills would increase further this year. The energy supplier said that wholesale prices will rise 80pc this winter, at 82p a therm compared with 44p a therm last winter.

While British Gas insists that it has not fully passed on energy price increases, at least some of the increases will be transferred to customers. ... Read full article