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Nearly 3 million of SSE customers to be hit with 7% energy bill increase

Energy price freezes melt away as 10m total UK households will see bills go up by as much as 10%

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UK households will be collectively paying £736 million more this year for their energy, as seven major suppliers — E.ON, ScottishPower, npower, EDF Energy, First Utility, The Co-operative Energy and now SSE — have announced they will be raising prices for standard plan customers.

SSE to raise prices 7%

SSE is the latest supplier to announce their price hike of 14.9% for electricity (gas rates will not change), for an average rise of 6.9% for dual fuel, variable rate customers — effectively adding £73 to their bills.

The increase takes effect 28 April, and is a major blow to energy customers, as the company is the second-largest supplier of UK households, with nearly 3 million of its customers on plans that will be affected by this price hike.

The big six supplier stated that this rise “reflects the increasing cost of supplying electricity,” and that these costs are “levied predominantly against electricity customers.”

SSE also noted that it will establish a £5 million fund to help provide financial assistance to “minimise the impact on vulnerable customers.”

Meanwhile … npower price rise takes effect this week; ScottishPower price rise looms

npower standard plan customers will this week see the impact of the supplier’s price rise of 9.8% — adding an extra £109 on average per year to their bills.

Later this month, ScottishPower standard plan customers will be hit with a 7.8% increase, while EDF Energy variable rate customers have already had their electricity bills increased earlier this month.

Customer should ‘fight back’ and ‘vote with their feet’

Commenting on the news, Claire Osborne, energy expert at uSwitch.com, says:

“The big six have laid their cards on the table and they are stacked against energy customers. This price rise is a double whammy – not only is SSE the second largest energy supplier but it also has the highest proportion of customers sitting on its standard variable tariff. Almost three million customers will be hit by this latest blow.

energy bill increase

“The danger now is that talk of Government intervention will lull consumers into a false sense of security when they should be voting with their feet and getting themselves a cheaper deal today. A cap on an expensive tariff would be far from a silver bullet, and in reality would likely make things worse. It would remove any motivation whatsoever for these major suppliers to try to retain their customers, whether by offering the lowest possible prices or exceptional service.

“Suppliers need to feel the pressure of competition – the real threat of their customers leaving them – to have any incentive to offer good value. We urge consumers not to put up with these hikes but to fight back. There is an incredible saving of up to £618 a year to be made by switching to a fixed deal. Fixing your energy can be extremely valuable for those on a tight budget and could make all the difference in being able to afford to keep warm.”

 

 

  • Terence lynch

    I want to change my supplier from EDF. I am on the economy seven tariff and do not have any gas to my property. Would you please advise as to lower cost providers

  • Paul

    Terence, click the link above that says ‘saving of up to £618 a year to be made by switching to a fixed deal’, enter your postcode and energy consumption and it’ll give you all the information you need.

  • w4lcy

    Switch now? – I don’t think so and certainly not if your fixed rate has a few months left to go..
    The latest round of big 6 VARIABLE rises is nothing compared to the 30+ percent yes 30 plus percent rises that are coming to those who renewed fixed rate deals in the spring last year. (2016) that’s an average of over £300 per year extra for the average home dual fuel user.
    They (the big 6) and it could be argued the majority of the £60 a go switching services are mopping up from people who are panicking about these variable rises. When the dust settles at least one of the big six will have lost sufficient market share and will seek to recover ground by pushing out headline fixed deals at lower fixed rate once more for a limited time and so continues this ridiculous annual cycle. Last year it was Eon quickly followed by SSE In fact Eons offer was so popular they pulled it within a few weeks raising the rate by 20% and I almost fell into the trap of comparing one day and switching the next.
    If you switch just be careful about the claimed savings. Even if you’re on a fixed deal the savings presented will most often be based on an assumption that you would simply be willing to revert back to standard variable rates. The true picture being that if you are on a fixed deal already your monthly bill will currently go up significantly and if not it’s likely you will rack up a debit balance on your account. This is very underhand tactics.
    If the big 6 don’t see sense then I for one will be looking at the smaller suppliers as these price rises are hugely out of touch with the hedged priced reality of the true wholesale energy market. In simple terms they’re attempting to rip us off again and once again the government and watchdog stand by and allow it to happen. For ref my current plan is SSE v6 fixed rate paperless. Try the comparison for yourself.

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  • joey B

    Smart phone app for meter readings… simply take a photo of your meter to get a reading:
    https://www.energyelephant.com/app

    Helps eliminate those pesky estimated bills!

  • Steve Wales

    UPDATE – not sure what game SSE are playing? They have just launched 1 yr.fixed price v10 and check this out. It is nearly 50% higher than my current SEE 1 yr fix v6. making this tariff well in excess of £200/yr. more than most fixed rate deals in the market just now and nearly £300 more the cheapest. They are clearly playing a game of bluff with their customers and from my personal perspective have 2 weeks (when my fixed rate ends) to address this or my business goes elsewhere.

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