SSE decreased its prices by 6% in October 2019, affecting around 2.1 million customers.
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Latest SSE price change — 2019
In August 2019, SSE announced a 6% price decrease for its two million standard variable tariff customers in line with the new level of the energy price cap. Revised by Ofgem, the price cap was lowered due to falling wholesale costs within the energy industry as a whole, meaning that suppliers were obliged to not charge more than the new cap level. This change came into effect on 1 October 2019.
In February 2019 SSE announced a 10% price rise which came into effect on 1 April.
This price rise made SSE's standard tariff £324 more expensive than the cheapest energy deal on the market at the time.
Customers on SSE or M&S Energy standard variable rate tariffs, or those on a fixed plan ending soon, saw their rates increase by 10% on average from the beginning of April.
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.
Why did SSE lower its prices?
SSE announced the price drop days after Ofgem revealed that it would be decreasing the rate of the energy price cap as of October 2019.
The supplier followed most of the other big six suppliers in adjusting the average cost of its standard tariff to match the new price cap level of £1,179.
What should I do about the SSE price change?
While prices have fallen, customers are still urged to use an accredited energy comparison site such as uSwitch to check for cheaper gas and electricity deals in their area to avoid paying more than they need to.
Compare energy deals now to see how much you could save.
Previous price rises from SSE
In May 2018, SSE announced a price rise of 6.7% for its standard variable rate customers.
The hike breaks down to 5.7% increase for gas and 7.7% increase for electricity rates, and impacts all customers of SSE energy suppliers, including M&S Energy.
The supplier also announced it would be removing its £6 per fuel, per year discount for paperless billing. This results in a 7.9% overall increase, or around £87 per year per household.
A price rise of 7% — 14.9% for electricity rates; no change for gas rates — that impacted nearly 4 million customers (more than 90% of SSE's customer base) was announced in early 2017.
SSE customers on their standard, dual fuel plans at that time saw an increase of £73 per year for the average energy user.
At the time, 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 stated that 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 again in 2019?
It is unlikely that SSE will now raise its prices again before the end of 2019. The energy price cap has now been reviewed for the second and final time this year, meaning that suppliers will now have no scope to increase their prices past the cap level until it is next reviewed in February 2020.
More than half of British households are currently on standard variable rate tariffs. These rates are usually the most expensive energy plans out there. By switching to a fixed rate deal, customers could be saving hundreds of pounds on their annual bill.