SSE to raise electricity prices next month

SSE to raise electricity prices next month

SSE to raise electricity prices next month

British Gas has committed to freezing prices for customers on its standard tarriff until August.

A typical dual fuel bill will now cost SSE customers £1,142 per year and the firm is the latest of the Big Six energy suppliers to announce price hikes.

Britain's second-biggest energy firm, SSE, yesterday announced a 14.9 per cent increase in electricity tariffs, adding more than £70 to annual bills. It added that the costs are levied predominantly against electricity customers.

That means 6.9 per cent or £73 will be added to the average dual fuel bill for those with a standard variable tariff, pushing it to £1,142 a year. The Company's segments include Networks, which consists of electricity distribution, electricity transmission and gas distribution; Retail, which consists of energy supply, enterprise and energy-related services, and Wholesale, which consists of energy portfolio management and electricity generation, gas storage and gas production.

The increase takes effect 28 April, and is a major blow to energy customers, as the company is the second-largest supplier of United Kingdom households, with almost 3 million of its customers on plans that will be affected by this price hike.

SSE said last night it is launching a £5million fund to protect its poor and vulnerable customers.

The price hike will be introduced on 28 April and has been blamed on the increasing costs of supplying electricity and Government schemes.

EDF customers will be hit by an 8.4% rise in electricity bills but gas prices will fall 5.2%.

SSE has become the latest British energy provider to increase electricity prices in response to the rising energy prices and the costs of delivering United Kingdom energy policy.

"For customers already struggling to afford basic bills such as energy, this price increase will have a real impact".

On Thursday, MPs will be voting on whether to give the Government the power to cap "rip-off" standard variable tariffs, which most families are on but can cost £200-£300 more than the cheapest tariffs on the market. Switching energy supplier is simple. "In addition, it's worth shopping around to check the best deals available that suit customers' own circumstances".

In the United Kingdom there are around 20 million customers on standard tariffs and it is usually with a big supplier.

And Martin Lewis, founder of the Money Saving Expert website, said: 'The picture is grim - everyone on a standard tariff from the big six is being ripped off'.

Eon gas prices are inching up 3.8 per cent and electricity is climbing 13.8 per cent.

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