Gas prices at ten-year high

Residential landlords that offer properties on an all-bills-included basis could be among those to be shocked about new information on gas prices.

A recent report from price comparison service moneysupermarket.com has revealed that the price of household gas is currently at a ten-year high.

According to the study the rise comes despite wholesale gas prices being 60 per cent lower than their 2008 peak.

The report claimed that suppliers are failing to pass savings on to their customers, leaving them with average bills of around £800 per year.

Scott Byrom, utilities manager at moneysupermarket.com said: "Consumers will be shocked to see such a massive fall in wholesale gas prices compared with the tiny price drops they may have seen in their gas bills over the same period, many may actually have seen gas prices rise last year.

"Energy companies will argue that domestic gas prices are decoupled from the wholesale price - this seems to be true when wholesale prices are falling but not when they are rising!"

Get a landlords insurance quote today from Simple Landlords Insurance.