Loans to pay energy bills may increase
UK consumers could witness a dramatic rise in the cost of their energy bills during the first quarter of 2008, suggests a new study.
According to one of the UK’s leading energy and home utility comparison sites, the average cost of gas and electricity for many British households, may increase by more than 20% in the first few months of next year.
Experts suggest that due to an increase in the cost of generating and supplying both gas and electricity from a number of European producers, it is only a matter of time before measures are taken in order to counter balance said rises, through increases here within the united kingdom.
Worryingly, it is also suggested that if there were to be even a minimal rise in the cost of energy consumption within the UK, many thousands of financially stretched consumers would almost certainly be left exposed, pushing them onto the brink of serious financial hardship.
One of the UK’s largest personal loan lenders has also commented on a noticeable rise in the number of applications, which are being acquired for the purpose of paying household bills. If energy prices were to rise, it is highly likely that these types of loan applications would double, if not even treble.
