SSE to hike electricity prices by 7% from April

  • SSE to hike electricity prices by 7% from April

SSE to hike electricity prices by 7% from April

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

SSE is the latest supplier to announce their price hike of 14.9% for electricity (gas rates will not change), for an average rise of 6.9% for dual fuel, variable rate customers - effectively adding £73 to their bills.

Scottish Power is pushing up gas and electricity costs by an average of 7.8 per cent from March 31.

Last week, E.ON announced an increase of 8.8 per cent for dual fuel customers - adding £97 a year to bills.

'Without an increase we would have been supplying electricity to domestic customers at a loss'.

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.

The Big Six provider has however today launched a five million fund to provide additional financial support for "those who need it most, particularly those who rely on electricity for their heating".

SSE blamed the price increase on rising energy supplying costs, including government-led green energy and low carbon initiatives. Electricity prices will increase from April 28.

SSE, Britain's second largest energy firm has announced a 14.9% rise in electricity tariffs - an increase that will cost consumers £70 annually.

It follows a 15 per cent rise for standard tariff prices by Npower in February, and a 4.8 per cent rise for gas prices, with dual fuel customers experiencing a rise of 9.8 per cent on average. 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.

Price increases have been announced across the industry at a time customers could well do without them.

"We would always encourage customers to contact their supplier if they are experiencing difficulties with their energy bills".

SSE prices have been frozen since December 2016, and the supplier says it's been three and a half years since it last upped prices.

We deeply regret having to raise electricity prices. "The Citizens Advice Service independent online price comparison tool can help people work out how to save money on their energy bills".