Expect 18 more months of rising energy bills, UK householders warned
The head of Scottish Power has said Britain’s gas crisis will keep driving energy bills higher until 2023, and could leave only five or six of the strongest suppliers standing.
Keith Anderson, chief executive of Scottish Power, said the UK’s record energy prices could mean households faced another 18 months of rising bills and that even well-run energy suppliers could go bust.
The only energy companies able to survive a fresh £4bn blow to the energy supply market would include a small number of players backed by major multinational firms, he said, reversing years of growing competition in the market.
The UK’s energy market has increased from the big six suppliers that have dominated it since privatisation, including Scottish Power, to about 70
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