Energy price hike from Scottish Power
February 12, 2008
Another of the UK’s leading energy suppliers has announced hikes in its gas and electricity usage costs. Scottish Power is the latest of the energy suppliers to announce price rises, Npower, British Gas, and EDF Energy have all already raised prices following increases in the cost of wholesale energy. Scottish Power is raising its prices by 15% for gas usage and 14% for electricity. The energy supplier has over five million customers, and like the other energy firms has blamed the need to raise prices on rising wholesale costs.
According to reports customers that are on dual fuel packages will see their prices rise by 14.8%, which will add around £123 onto the average annual energy bill for households. However, the price hike will not affect over one million customers who are currently on fixed price deals.
A spokesman for Scottish Power stated: “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.”
An official from energyhelpline.com said: “As predicted, Scottish Power was the next major supplier to increase its prices. Most of Scottish Power’s customers are in Scotland, North Wales and Merseyside. With snow coming this weekend, the last thing people need is bills soaring. However, there is no need to panic. There are massive savings to be had by switching to a cheaper tariff. In Scotland, switching to the cheapest tariff and paying by direct debit will reduce bills by £418 a year.”
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