Energy prices to rise €10 euros a month

Holland’s second biggest energy supplier Nuon today announced that energy prices for an average household are to rise by just under €10, or 5.6 percent, a month in 2007. This will bring an average household’s total gas and electricity bill to €2,186.

The company said the increase is due to higher wholesale costs but has been limited by falling oil prices in the past months and the abolition of the MEP environmental levy. Earlier this month Nuon reported its net profit in the first nine months of the year was €443 million.

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