UK’s oil import bill may cause fuel poverty

Oct 11, 2011 12:00 AM

Britain’s rising dependence on energy imports would make household bills less affordable than at any time since the oil shocks of the 1970s, a leading investment bank said.
Deutsche Bank said with price rises of 25 % by 2015, a quarter of the country could fall into fuel poverty.

A sea change in the UK’s energy market from virtual self-sufficiency to net imports over the past decade has exposed consumers to rising oil and gas prices while sluggish income growth at home makes energy less affordable.
Last year the UK imported more gas than it produced.

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