British Gas has indicated, as a result of a self-commissioned report, that energy prices will see a substantial increase in the near future.
The report cites Britain's depleting North Sea reserves as the reason for the hike, with a growing need to import natural resources which will be subject to greater fluctuations in price.
With many people already finding it difficult to stay financially afloat, as we begin to feel the real pinch of the credit crunch, it may be a good time to consider debt consolidation as a solution. A personal loan for debt consolidation purposes could allow people to spread their monthly outgoings, in order to free up some cash for the increasing cost of essentials, such as energy bills.
