ScottishPower hikes prices

19 November 2010

ScottishPower customers face more pre-Christmas misery after the energy giant announced gas and electricity price hikes from 25 November.

Gas prices are set to rise by 2%, while electricity prices will rise by 8.9%. The increase is estimated to hit the wallets of around 2.5 million customers, adding an extra £52 to the average ScottishPower standard dual fuel bill.

The last ScottishPower price hike was back in 2008, where the standard dual fuel bill jumped to £1,369 from £959 - a massive 43% increase. Despite energy costs falling since then, today’s hikes still mean a dual fuel bill is 42% more expensive than at the start of 2008.

This announcement comes at a time when consumers are preparing to shell out more for their utilities. Only last week Moneywise reported that British Gas customers will see their gas and electricity bills rocket by 7% from 10 December while Southern and Scottish Energy have also announced that prices will increase by 9.4% at the start of December.

Ann Robinson, director of consumer policy at website uSwitch, says: "ScottishPower has joined the growing ranks of energy suppliers serving customers up with an inflation-busting pre-Christmas price hike. Just like Scottish and Southern Energy and British Gas, ScottishPower will be hitting customers over the winter months when energy usage is at a peak. The increase may be moderate, but the timing is miserable.”

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