Read all about SSE's previous price changes and see how they could affect your bills in 2020.
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Latest SSE price change — 2020
In February 2020, SSE announced a 1% reduction in the cost of its standard variable tariff, 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.
In August 2019, SSE announced a 6% price decrease for its two million standard variable tariff customers, also as a result of a decrease in the price cap level.
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.
The supplier followed most of the other big six suppliers in adjusting the average cost of its standard tariff just below the price cap level of £1,162.
What should I do about the SSE price change?
While prices have fallen, this is likely to have a limited impact on your energy bills. SSE's latest price cut is set to take £17 off the average bill for customers on a standard variable tariff. At the time of the decrease, there were energy deals more than £300 cheaper, available through energy comparison sites such as Uswitch.
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.
Will SSE raise energy prices again in 2020?
The energy price cap is due to be reviewed again in August 2020, so SSE's prices will rise or fall in line with the cap level once it's announced.
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.