You are here: Home - Household Bills - News -

ScottishPower hikes energy prices

Written by:

ScottishPower has released new energy prices for domestic customers as a result of continued increases to input costs, including coal and wholesale gas.

From 2 February, the average customer will see a Dual Fuel increase of 14.8%.  Electricity prices will rise by an average of 14% across the UK and gas prices will rise by 15%.

Willie MacDiarmid, ScottishPower’s director of energy retail, said: “We have worked hard to protect our customers from these increases for as long as possible and offer consistently competitive energy prices. Our input costs are now at record levels, having increased by up to 97% since February 2007. Like other energy providers, we are now forced to pass on some of these higher costs.”

Scott Byrom, utilities manager at price comparison site, said: “This move from ScottishPower will have the greatest negative impact on customers in southern Scotland, north Wales and parts of north-west England.

“Scottish Power has 1.86 million customers there – the bulk of whom are on its standard tariff. The argument to change to an online monthly direct debit tariff now is stronger than ever.

Ann Robinson, director of consumer policy at, said: “The announcement will come as no surprise to consumers – a price hike was inevitable from the day that other suppliers put their prices up.

“Following the move, ScottishPower is going to offer better value for those who like to pay by monthly direct debit or who can move online. Those looking to minimise the impact of higher energy costs on their household budget should seriously consider taking the following steps: move to dual fuel, pay by direct debit and go online.

“We have now seen all but  two suppliers increase prices with an assurance from Scottish and Southern Energy that it will not put its prices up until at least the end of March. With savings of up to £325 to be made – now is the time for consumers to put some competition back into the market.”

Related Posts


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.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

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:
Retirees can expect 18-year ‘time bonus’

Research by AXA has found that the difference between the average age when retirees stop working and the age at...