Energy firm's price hikeScottish and Southern Energy bill rise
10 November 2005
Millions of homeowners are facing steep rises in their fuel bills after one of the UK's largest energy companies announced a price hike.
Scottish and Southern Energy (SSE) says its electricity bills will rise between 8.9 per cent and 12 per cent from the start of next year. At the same time gas customers will have to pay an extra 13.6 per cent on their bills.
The company supplies energy to 6.1 million customers across the UK through its various brands including Southern Electric, Swalec and Scottish Hydro Electric. The increases could leave customers, on average, more than GBP 50 a year worse off.
This latest rise comes after three other major energy companies - Powergen, EDF Energy and British Gas - announced they were putting up gas and electricity prices.
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Consumer group Energywatch estimates that Scottish and Southern Energy customers will on average be more than GBP 50 worse off per year after the increases.
Energywatch's Director of Campaigns, Adam Scorer, said: 'Yet again consumers' budgets will be put under pressure by the soaring costs of powering and heating their homes. And the timing is poor: the new prices will come into effect just after the expense of Christmas and with the chill of January and February still ahead.'
SSE's Energy Supply Director, Alistair Phillips-Davie, said:'SSE seeks to adopt a responsible approach to domestic energy prices, protecting customers from the worst impacts of high and volatile wholesale prices.
'Over the past three years we have demonstrated this and have imposed price rises more slowly than competitors, an approach which benefits customers. The pressure of high wholesale prices cannot, however, be withstood indefinitely and we have come to the point where these price rises are unavoidable.'