You are here: Home - Household Bills - News -

Scottish Power hikes energy prices

Written by:
Scottish Power has joined SSE, British Gas and npower by announcing an 8.6% rise to its customers' dual fuel prices from 6 December.
Scottish Power hikes energy prices

The company said gas prices will go up by 8.5% and electricity prices by 9%.

The price hikes will lead to a £113 increase in the average annual dual-fuel bill to £1,424, the company said, and will affect about 2.2 million customers.

Scottish Power blamed the move on the wholesale cost of energy, the cost of delivering gas and electricity to customers’ homes and the cost of compulsory environmental and social schemes.

Neil Clitheroe, Scottish Power’s CEO of Energy Retail and Generation, said: “We understand that these are difficult times for many families, and we have done what we can to hold our prices for as long as possible. Recently we announced a range of measures to help our most vulnerable customers this winter.

“We will now write to every customer who will be impacted by the price increase, and we would encourage anyone who is concerned to contact us so we can discuss their options.”

Four of the ‘big 6′ energy companies have now announced price rises. SSE will increase bills by 8.2% bills from 15 November, British Gas said prices will go up by 9.2% on 23 November, and Npower announced the biggest rise of 10.4% which will take effect from 1 December.

Earlier this week, Scottish Power agreed to pay customers £8.5m following an Ofgem investigation into mis-selling.

 Click here for 10 ways to save money on your energy bills.

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get?

News and updates on everything to do with coronavirus and your personal finances.

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
City regulator unveils plans to regulate crowdfunding

The Financial Conduct Authority (FCA) has proposed new rules for regulating the crowdfunding and peer-to-peer lending industry.