Scottish Power's energy prices set to soarLatest to jump on the 'price hike bandwagon'
15 October 2012
Scottish Power is the fourth major energy company to raise gas and electricity prices, following hot on the heels of Npower, British Gas and SSE.
Scottish Power has said it will hike its gas and electricity prices by an average 7% and this will affect 2.3 million households.
Which? executive director Richard Lloyd says: 'It's disappointing to hear Scottish Power jumping on the energy price hike bandwagon and hitting hard-pressed customers just before winter sets in.
'We've seen this herd-like behaviour time after time. Competition doesn't appear to be keeping the companies in check and ensuring consumers get a fair deal. If the regulator won't fix this then the government must step in.'
Make sure you're on the cheapest energy deal following the price hikes by comparing gas and electricity prices using our independent price comparison site Which? Switch.
Gas and electricity price hikes
From 3 December, Scottish Power customers paying by monthly direct debit will see their bills increase by 8.7% with an average annual dual fuel bill now £1,271.
Those paying quarterly by cash or cheque will see an increase of 1.4%, with a new average annual dual fuel bill of £1,368 (excluding prompt payment discounts).
The energy companies are largely blaming increased costs for the increased gas and electricity prices. Scottish Power said that there had been a 34% rise in the cost of delivering government schemes as well as an 11% rise in the cost of transporting gas and electricity.
Scottish Power follows British Gas, which raised gas and electricity prices by an average 6%, and Npower and Scottish and Southern Energy (SSE) which raised them by an average of 9%.
To make it easier to ensure you're on the cheapest energy tariff we want energy companies to introduce much simpler tariffs so people can spot the cheapest at a glance.