October 4, 2005
ScottishPower,having absorbed soaring wholesale costs longer than most of its main rivals, today announced higher gas and electricity prices plus a new Capped Price Offer shielding customers from further increases until October 2007.
Willie MacDiarmid, ScottishPower's Director of Energy Retail, said: Like all energy suppliers, ScottishPower has been hit by the unprecedented rise in wholesale prices. We have frozen prices for as long as possible, but unfortunately are now forced to pass on part of this increase to customers.
From 17 October electricity prices will rise by between 5% and 8%, depending on payment method and region, with gas going up by 12%. These increases are significantly less than others announced recently, with competitors imposing increases of up to 14.2% on both gas and electricity. This means that ScottishPower's standard gas and electricity offer will still be cheaper than many of its main rivals.