ScottishPower has raised prices by 5.3% for its customers in 2014
The rise will affect 2.3 million of ScottishPower customers and reflects the gas and electricity supplier's price rise of 8.6% announced in October and subsequent reduction of 3.3% due to government changes to green levies.
The original price rise was announced 24 October 2013, giving the average dual-fuel customer a little over a month before their bill went up by £112.
For more details on this supplier, including price history, customer satisfaction scores and where their average bill costs rank amongst the big six, view the ScottishPower page.
What uSwitch say about the price rise
Ann Robinson, director of consumer policy at uSwitch, noted that this price rise puts households even closer to the "tipping point" on their energy bills:
"The danger is that these hikes are sweeping households towards a cliff edge – when bills hit £1,500 a year this will be the tipping point where many will have no choice but to go without heating. This will have a serious impact on health and well-being."
"I would urge consumers to sit up and take action. If these price hikes are going to be a deal-breaker for you then I would urge you to look at ... competitive fixed price tariffs"
"I would urge consumers to sit up and take action. If these price hikes are going to be a deal-breaker for you then I would urge you to look at one of the competitive fixed price tariffs currently available which can help you to freeze your prices for anything up to four winters.
"And rather than switch your heating off or take chances with your health by going cold, think about making your home energy efficient instead. If cost is a problem, look at the Government’s Green Deal scheme or speak to your supplier.Using less energy and paying less for what you do use are everyone’s best protection against the high cost of energy today"
What ScottishPower say about their price rise
ScottishPower followed suit of its price rise predecessors, blaming the rising costs of purchasing and delivery energy, as well as government subsidies for the change. The big six supplier also urged its customers concerned about financials to contact them to discuss options.
CEO of Energy Retail and Generation, Neil Clitheroe, said:
“The cost of purchasing and delivering energy to homes across Britain has risen significantly this year. With an increase in costs for delivering compulsory schemes to reduce carbon emissions and improving energy efficiency in homes, we unfortunately have no other option than to pass these on by increasing our prices for customers.
“The cost of purchasing and delivering energy to homes across Britain has risen significantly this year."
“We understand that these are difficult times for many families, and we have done what we can to hold our prices for as long as possible. Recently we announced a range of measures to help our most vulnerable customers this winter. We will now write to every customer who will be impacted by the price increase, and we would encourage anyone who is concerned to contact us so we can discuss their options.”
Subsequent price reduction
In January 2014, ScottishPower made public the amount and effective date of their price reductions from green levies cuts enacted by government at the end of 2013. The reduction would be 3.3%, and customers would see this change 31 January 2014. This makes the supplier's overall price rise top out at 5.3%.