ScottishPower to increase gas and electricity prices
Join Our Newsletter - Get important industry news and analysis sent to your inbox – sign up to our e-Newsletter here
X

ScottishPower to increase gas and electricity prices

16 Oct 2012

ScottishPower will raise domestic gas an electricity bills by around 7% from December 3, the company has announced.

gas

ScottishPower will raise domestic gas an electricity bills by around 7% from December 3, the company has announced.

About 2.3m households will be affected by the price change, but 700,000 customers who are on fixed-price or capped tariffs will not see an increase in their bills, the company said.

Scottish Power is the latest company to announced an increase in energy bills. Earlier this month British Gas said it would raise electricity prices by 6% on 16 November, while SSE’s 9% price rise, announced in August, came into effect on Monday.

The UK energy company said the price hike follows a "sustained rise in costs" since the company last reduced its gas prices in February 2012.

Such hikes include a 34% increase in the cost of delivering government schemes including energy efficiency programmes designed to reduce greenhouse gas emissions.

Other increases include an 11% rise in the cost of transporting gas and electricity to customers, and an 8% rise in wholesale energy costs.

ScottishPower Retail and Generation CEO Neil Clitheroe said: "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."


Image: ScottishPower has become the latest energy company to increase its gas and electricity bills. Credit: courtesy of FreeDigitalPhotos.net.

Free Whitepaper

By clicking the “Submit” button above, you accept and acknowledge that your data will be used by Vega.

We will also collect and use the information you provide for carefully considered and specific purposes, where we believe we have a legitimate interest in doing so, for example to send you communications about similar products and services we offer. We will always give you an option to opt out of any future communications from us. You can find out more about our legitimate interest activity in our privacy policy here. ‘We’ includes Verdict Media Limited and other GlobalData brands as detailed here.