Scottish Power has announced a sharp increase in energy prices. The company will raise standard tariff electricity prices by 10.8% from 31 March, while gas prices will increase by 4.7%. It means a typical dual fuel annual bill will rise by an average of 7.8%, or £86. Scottish Power said in a statement that about a third of its customers – or about 1.1 million homes – would be affected by the increases.
BBC 10th Feb 2017 read more »
Two energy suppliers have been condemned by the government as “completely unacceptable” for increasing prices while a rival keeps them frozen. Scottish Power announced yesterday that it was raising its standard tariffs by 7.8 per cent, adding about £86 to annual dual fuel bills for 1.1 million households. Npower had already announced a 9.8 per cent rise. British Gas, however, said that it was freezing its prices until August. The Department for Business, Energy and Industrial Strategy said: “The British Gas price freeze is good news for 5 million households but it is completely unacceptable for other suppliers to increase their prices significantly when Ofgem has said there is no case for doing so.”
The Times 11th Feb 2017 read more »