ScottishPower announce massive new energy price rises

7 June 2011

Scottish_Power Right – who’s ready for yet another massive hike in energy bills? Are you sure? Brace yourselves because ScottishPower are upping their prices by an average of 19% for gas and 10% for electricity. Yes, you read that right. Scared? You should be.

The price rises will take effect from 1st August and will see an average increase of a dual fuel energy bill by a staggering 48p per day - £180 per year. Approximately 2.4 million households will be affected by the new prices, although ScottishPower say that 700,000 households won’t be as they’re on capped/fixed deals. The company are blaming the rise on the increased wholesale energy costs, up 30% since last November.

If you fancy betting that the prices will go higher still (and we’d be amazed if they didn’t) you can sign up for a Fixed Price Energy – January 2015 deal, which they say is the longest fixed price deal on the market.

How long will it be before the other suppliers follow suit and also hike up their prices as well? Days probably. Tighten your belts and start kintting for the winter, people...

TOPICS:   Utilities   Motoring   High Street News

8 comments

  • Dick
    Then again, it wouldn't surprise me if an energy company put their prices up significantly and scared people into signing long contracts at current prices by talking about massive future price rises. Once a certain number had signed up they could reveal that they had managed to do some negotiations to get the prices back down for those on variable contracts.
  • Marky M.
    I'm tempted to ask whether our power supplies should be entrusted to ANY of these (largely foreign-owned) numpties. Past excus... sorry, reasons given for rises have included buying ahead at inflated prices when the trend has been down, NOT buying ahead when the trend has been up, buying too much gas so it then has to be stored in Rotterdam and then re-imported, etc etc. Isn't it time the power companies were all renationalised and enough nuclear power stations were commissioned to make us wholly independent, and pronto?
  • Idi A.
    @ Dick Yeah, because energy companies are always passing negotiated lower prices on, aren't they?
  • Singhster
    Just wait until Ofgem get their hands on this!
  • Ian I.
    Although Scottish Power announced that prices for electric would rise by an average 10%, I have calculated that, based on my annual usage, my increase will be in excess of 21%. Now who out there am I subsidising?
  • Gareth T.
    How exactly is this a 10% increase? This is my email from Scottish Power: Electricity prices Current† New† First 225kWh used each quarter 16.828p 21.464p All/Day remaining kWh 8.513p 11.186p Night Units per kWh 3.983p 5.391p
  • Gareth T.
    How exactly is this a 10% increase? This is my email from Scottish Power: Electricity prices Current† New† First 225kWh used each quarter 16.828p 21.464p All/Day remaining kWh 8.513p 11.186p Night Units per kWh 3.983p 5.391p
  • les
    how is it that our goverment can bail the banks out but cannot help the working class people out with prices going out of controle on everything from food to the air that we breath what ever next .Come on mr camoran think about US and stop giving OUR money to others and bail our own people out. COME BACK LABOUR

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