High energy bills could last for two years according to British Gas owner

The current energy crisis could continue for as long as another two years, according to Chris O’Shea – chief executive of British Gas owner Centrica – who told the BBC that we shouldn’t expect prices to start coming down “any time soon” and there’s “no reason” for them to do so.

Mr O’Shea believes the current state of play in the energy markets “will be here for the next 18 months to two years”. However, he did claim that concerns many have expressed about bills rising by over 50% to upwards of £2,000 may be “misplaced”.

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