Scottish power energy prices rise
February 27, 2008
Following in the footsteps of several of the other major energy suppliers in the UK Scottish Energy recently announced that it would be raising its energy usage costs as a result of increased wholesale energy prices. Scottish Power made the announcement about its price hikes after similar announcements by other energy giants, including EDF Energy, NPower, and British Gas. Scottish Power is raising its prices by 15% for gas usage and 14% for electricity.
Since Scottish Power announced its price hikes another energy firm, E.On, which was formerly Powergen, has also announced price hikes, which have now come into effect. The price hike announced by Scottish Power will not affect those on fixed price deals, which equates to over one million of its customers. Dual fuel customers will see an average £123 a year added on to their energy bills, with a rise of around 14.8%.
An energy campaign group official commented after Scottish Power announced its price hikes, stating: “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.”
However, an official from the energy company 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.”
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