Financial Times FT.com

Business users warned of fuel cost problems

By Ed Crooks and Rebecca Bream

Published: December 17 2007 02:00 | Last updated: December 17 2007 02:00

Rising natural gas and electricity prices are creating an unexpected problem for businesses this winter, and another worry for the Bank of England.

The expected opening of several new import facilities had prompted hopes that gas prices would fall. But high oil prices and delays to some important projects have pushed up prices for natural gas, and hence electricity because of the use of natural gas for power generation.

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