Winter is coming: SSE to put up prices by 8.2%
From November 15th, just as it’s getting a bit chilly, SSE have announced that they’ll be putting up their prices by a rather gobsmackingly large 8.2%. Why? Well, it’s the usual blah. Higher costs of wholesale energy…paying to deliver it to homes…government levies…can’t get the parts, love…
It means that the fuel bill for the average household will go up to £1224. But it’s also split across the North and South (8.2% is the average rise) with prices for duel fuel households in the North going up by 7% and a massive hike of 9.7% for customers in the South.
‘We're sorry we have to do this,’ said SSE's Will Morris, hiding under his desk. ‘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 say the upgrading of networks, new power stations and funding for energy efficiency schemes also all take their toll and add up to bigger bills for the consumer. After the price rises, their profit margin will remain at 5% over a five year period, which they say is ‘a fair amount.’
Meanwhile, everyone else will be sitting in the cold, skint, wondering whether they’ll ever see a profit again after forking out most of their wages just to heat their hovels in the winter.