SSE has announced a price rise of 7% for 2017, affecting nearly 4 million customers.
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The price rise of 7% — 14.9% for electricity rates; no change for gas rates — will impact SSE's standard variable rate, dual fuel customers. This is expected to impact nearly 4 million customers as more than 90% of SSE's customer base is on a standard plan.
The price rise took effect on 28 April 2017
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 SSE page.
What should I do about the SSE price change?
SSE customers currently on their standard, dual fuel plans will be affected by an increase of £73 per year for the average energy user.
These customers are urged to use an accredited energy comparison site to check for cheaper gas and electricity deals in your area as soon as possible to avoid overpaying.
In December 2016 the energy industry regulator, Ofgem published figures showing how much money customers could save by switching their standard variable tariff to their supplier's cheapest fixed rate deal. SSE customers would have been able to save £98 a year.
If your prices have increased, compare energy deals now to see how much you could save.
Why did SSE raise their prices?
SSE blamed the price rise on government policies that subsidise energy from renewable sources and the cost of smart meter installation.
SSE also said government policies that subsidise the feed-in tariff scheme for homeowners, allowing solar panels to be installed on their roofs, was a contributing factor.
SSE said it was their first price rise in over three-and-a-half years, and said they would have been operating at a loss had they kept prices as they were.
Who else raised their energy prices in 2017?
Aside from SSE there were a few price rises from energy suppliers in 2017, including, but not limited to the big six: ScottishPower, Npower, EDF Energy, British Gas and E.ON.
- ScottishPower's standard electricity prices increased in March 2017 by an average of 10.8% and gas by 4.7%
- Npower raised its standard tariff electricity prices in March 2017 by 15% and gas prices by 4.8%
- EDF Energy's dual fuel prices rose by 1.2% in March 2017 and again in June by 7.2% on standard variable rate tariffs, however they cut gas prices by 5.2% at the start of 2017
- E.On increased electricity prices in April 2017 by an average of 13.8%, and gas prices by 3.8%
- British Gas raised electricity prices by 12.5% in September 2017 after stating earlier in the year that they would freeze prices until August 2017
If you’re with any of the above energy suppliers or your bill has seen a spike in recent months, you should Compare and switch your energy today. Even if your price has stayed the same, you should still compare the market to see if you could save.
Will SSE raise energy prices in 2018?
Given that SSE managed to not raise prices for three and a half years before the price rise in March 2017, you could maybe be forgiven hoping that they won't do so again in 2018.
However, recent trends would suggest that price rises are inevitable. It's a case of when, rather than if.
According to official figures, there are around 20 million customers on standard variable rates. These rates are usually the most expensive out there. By switching to a fixed rate deal, customers could be saving hundreds of pounds on their annual bill.