British Gas’ tracker goes up – is this a sign of things to come?

British Gas has announced that it is putting prices up on its Market Tracker energy plan. The increases are 13% for gas and 15% for electricity with immediate effect.

Tim Wolfenden, Head of Home Services at uSwitch.com, says: “The move follows British Gas’ first three monthly review of its tracker plan prices. However, while there is nothing sinister in the timing, the increase in prices could be seen as a sign of things to come. It supports market rumours that prices are going to be on the up again, which will be a concern for consumers.

“The tracker product is designed to track wholesale energy prices. It is aimed at a specific type of consumer who does not mind taking a chance on bills going up, as well as down, on a far more frequent basis. Those who have signed up may be disappointed that only a few months in and prices are already going up. But if market rumours turn into reality then many more consumers may be facing the same disappointment too.”