Tuesday 7 June 2011

Massive Scottish Power price increases

Scottish Power is to raise the cost of gas by 19% and the cost of electricity by 10%.

The utility firm said the increase, which would affect 2.4 million households in the UK, would come into effect from 1 August.

Affected customers will see an average daily rise to a dual fuel energy bill of 48p per day.

The company said the move reflected sustained increases in the wholesale energy market.

However, it said about 700,000 households would be protected by capped or fixed priced deals.

Watchdog Consumer Focus described the price rise as a "body blow for customers".

Scottish Power, which is part of Spanish company Iberdrola, last put its prices up in November, when gas prices rose 2% and electricity bills went up by 8.9%.

Other suppliers are widely expected to follow Scottish Power's lead over the coming weeks.

Anyone concerned about the price increases should get a fixed price deal at

http://www.getmecheapbills.com

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