SSE announced it will be hiking its prices by 8.2% for it’s gas and electricity customers from 15th November ,with over 7 million customers to be affected.
This will affect Atlantic, Scottish Hydro, Southern Electric and Swalec, as they are all SSE brands, with M&S and Ebico energy customers also expecting rises as SSE provides energy for these companies.
The rumours are that eventually all 6 of the major energy companies will announce price rises.
The average dual fuel energy bill will increase by £106 annually.
Customers of Ebico will expect a 9% increase for electricity and a 10% increase for gas – on average, but these are only average price rises and are dependant on where you live and what tariff you are on.
SSE’s retail group managing director Will Morris says: “We’re sorry we have to do this. We’ve done as much as we could to keep prices down, but the reality is that buying wholesale energy in global markets, delivering it to customers’ homes, and Government-imposed levies collected through bills – endorsed by all the major parties – all cost more than they did last year.”
SSE last increased gas prices in October 2012, having lowered gas prices in March 2012. Before that, the last gas price rise was in September 2011.
For electricity, SSE last increased prices in October 2012 and before that in September 2011. The 2011 rise was the first since August 2008.
Energy Secretary Ed Davey says: “This is clearly unwelcome news for customers of SSE. People should take the opportunity now to make sure they are on the best deal available to them.”