British Gas price increase: How you can avoid the £76 hike

British Gas in shock rates hike with MILLIONS to be hit by huge bills

The group cited rising policy and network costs for the increase - and while it's the last to up prices, experts have warned it could be the start of a fresh wave of hikes for households.

British Gas owner Centrica accidentally leaked the plans on its own website on Monday evening.

British Gas said the increase will add £76 to the typical annual bill of a household on its dual fuel standard tariff, taking it to £1,120.

Such announcements are highly sensitive because they can affect share prices.

"In the end we've had to respond like many of our competitors to the underlying increases we've seen in electricity".

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Two eyewitnesses to the attack said the man shouted "Allahu Akbar" but police said they were unable to confirm the reports . Witnesses followed him and alerted police, who arrested him near the scene.

Cushion gas is the minimum volume of gas required in an underground storage reservoir to provide the necessary pressure to deliver working gas volumes to customers.

The results come as the British Gas owner looks to trim its E&P operations and focus on its energy supply and services business.

Centrica plc (CNA.L) reported that its statutory profit attributable to shareholders for the first half of 2017 plunged 96 percent to 44 million pounds from 1.15 billion pounds past year.

A spokeswoman for the Department for Business, Energy and Industrial Strategy said: "Energy firms should treat all their customers fairly and we're concerned this price rise will hit many people already on poor-value tariffs". If we attribute £9 of that to the increased costs of getting electricity to people's homes then that leaves £89. As these costs increase, large firms argue, that creates a market distortion.

Reality Check verdict: Figures from the regulator Ofgem suggest that distribution costs and government obligations across the industry have not risen by as much as British Gas suggests.

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The British Gas CEO was Iain Conn's first major appointment.

But Labour's shadow energy minister Alan Whitehead said the "whopping price increase" was unjustified - and accused the Conservatives of breaking a manifesto pledge to impose a cap.

"What we need - and what the Government should have done, because there was an agreement going into the election - is a price cap".

The rise was also announced alongside half-year results from British Gas owner Centrica revealing earnings from its consumer business plunged by more than a quarter after it lost 377,000 United Kingdom customer accounts in the first half.

The utility shed another 485,000 customer accounts between May 8 and the end of June, bringing the total this year to 746,000.

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