ScottishPower has announced a 7% increase in gas and electricity, becoming the FORTH supplier to raise its prices this year.
The news comes on the same day that customers of the UK’s second largest supplier start paying higher prices. Earlier this year, SSE announced that it would be putting its prices up by 9% on gas and 9% on electricity.
The price rise will take effecct from the 3rd December, and is expected to affect 2.3 million households across the UK
In a press release ScottishPower said that it expected that:
- A monthly Direct Debit customer will see an increase of 8.7%,with a new average annual Dual Fuel bill of £1,271
- Quarterly Cash or Cheque customers will see an increase of 1.4%, with a new average annual Dual Fuel bill of £1,368 (excludes Prompt Payer discounts)
- Prepayment customers will see an increase of 8.6%, with a new average annual bill of £1,349
Neil Clitheroe, ScottishPower’s CEO of Retail and Generation, said: “We work hard to protect our customers and we regret that we’ve had to announce a price increase today.
“We reduced our gas prices in February but for most of the year we have been absorbing increased costs especially for transporting gas and electricity to our customers’ homes and the cost of delivering energy efficiency programmes.
“However, we remain committed to continuing to work with the Government to help reduce the amount of energy we all use and help our customers reduce their energy bills over the longer term. To date, ScottishPower has insulated 0.8 million homes.
“We will be writing to all those affected customers over the coming weeks explaining what the price increase will mean for them. We will also give advice on how they could reduce the impact of these increased costs. We understand that this is a difficult time for many people and we encourage our customers to contact us.
“We will continue to try to help our customers by offering competitive fixed price products and also through the commitments we have made to help our vulnerable customers through this winter.”
What should I do now?
You can fix your energy prices. This means switching to a fixed priced energy plan that guarantees that your prices won’t change for a certain length of time. This is the best way to avoid ‘price rise panic’ because even if your supplier puts its prices, while you’re in your ‘fixed’ period, they won’t affect you.
‘Another winter… and another round of price hikes’
Ann Robinson, Director of Consumer Policy at uSwitch, said: “Another winter and another round of price hikes, so far affecting almost 19 million households. Today’s move will be no surprise, but consumers will be disappointed and angry that these increases will be hitting them in the winter when the blow will be felt hardest.
“Over eight in ten households rationed their energy usage last winter – this now looks set to rise and will have a detrimental impact on some people’s health and well-being.
“We’ve seen a massive surge in the number of people flocking to the security of a fixed price energy plan. These deals are still available, including one from ScottishPower, and will give consumers some certainty over prices and will help them to protect their household budgets. I would urge all consumers to now shop around as a matter of urgency to see what they could be paying and to enjoy a more competitive deal through this winter.”
Average household energy bills:
|Supplier||Current bill size||New bill size|
Based on a medium user consuming 3,300 kWh of electricity and 16,500 kWh of gas with bill sizes averaged across all regions.
What is a fixed priced energy tariff?
How do I switch energy suppliers
How else can I save on my energy bills?
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