Scottish Power energy price hike - Gas and electricity - News - Moneyfacts

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Scottish Power energy price hike

Scottish Power energy price hike

Category: Gas and electricity

Updated: 16/10/2012
First Published: 16/10/2012

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Scottish Power has become the third supplier in four days to announce energy price hikes.

Scottish Power customers will see their bills for both gas and electricity increase by an average 7% from December 3.

British Gas was the first provider to announce average price increases of 6%, with npower following closely behind, announcing average increases of 8.9%.

"This Scottish Power price increase is another hammer blow to UK consumers," said Mark Todd, director of the independent price comparison service Energyhelpline.com, in response to the announcement.

"Anyone impacted by this price rise should consider switching to a fixed rate tariff now to beat the hikes. A typical Scottish Power customer can save at least £184 a year and fix their bills for the next two winters. Customers who pay by quarterly cash and cheque can save even more."

What next?

Compare the best UK electricity and gas prices

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

4.8m people switched energy supplier last year

We’re often told of the amount we could save by switching energy supplier, and happily, the message seems to be getting through, with the number of consumers switching providers having reached record levels last year.

EDF cuts gas prices, but hikes electricity

EDF Energy has announced that it’s cutting gas prices for customers on its standard variable rate tariffs, but unfortunately, electricity customers could lose out, as they’ll see a rate increase from March next year.

The energy league table – are you on the best deal

Ofgem yesterday revealed its league table of energy prices, highlighting the cost of typical gas and electricity tariffs from the UK’s top suppliers. It shows just how expensive standard variable tariffs can be, and you could well be paying too much.
 
Close