Thursday, July 21, 2011

Scottish & Southern Energy to raise its prices

Scottish & Southern Energy (SSE) has become the latest gas and electricity supplier to announce a rise in prices.
Its household electricity bills will increase by an average 11%, and its household gas bills by an average 18%, from 14 September.
The move comes after British Gas said earlier this month that the cost of its electricity and gas will go up from 18 August.
The energy firms are blaming an increase in wholesale energy prices.
Another of the big six energy suppliers, Scottish Power, announced price rises in June, with the cost of its gas going up by 19% from the start of next month, and its electricity rising by 10%.
SSE first warned in May that its prices would likely have to go up because of a big rise in the wholesale prices it had to be pay.
It made that announcement as it reported that its annual pre-tax profits had increased by 29% to £2.1bn.
Last week, watchdog Consumer Focus said five million UK households now spent more than 10% of their total income on energy bills, which is classified as being in fuel poverty.
Consumer Focus estimates that the number of homes in fuel poverty will rise to nearly six and a half million households if all of the big six energy providers raise their prices.

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