Energylinx News

May 30, 2018

SSE Increase Energy Prices by 6.7%

SSE is to increase energy prices for customers on its standard variable tariff from July 11th - a typical dual fuel bill will rise by an average of 6.7% (£76) a year.

SSE is the last of the 'Big Six' energy suppliers to announce an increase in energy prices, affecting 2.36 million customers. Gas prices will rise 5.7% and electricity by 7.7%.

SSE said it will also be removing its £6 per fuel, per year paperless billing discount from 11 July 2018.

Customers who are on fixed-price tariffs, have a prepayment meter, or are on the vulnerable customer safeguard tariff will not be affected.

Stephen Forbes, chief commercial officer at SSE Energy Services, said:

"We deeply regret having to raise prices and have worked hard to withstand the increasing costs that are largely outside our control by reducing our own internal costs. However, as we've seen with recent adjustments to Ofgem's price caps, the cost of supplying energy is increasing and this ultimately impacts the prices we're able to offer customers.

Increasing energy prices is always a last resort. However, sustained increases in the cost of supplying energy, principally from higher wholesale energy prices and the cost of delivering government policy initiatives designed to modernise and decarbonise Britain's energy system, must eventually be reflected in prices."

At the end of May, 100 fixed term energy tariffs with suppliers including First Utility, ScottishPower, Toto, E.ON, and Npower will come to an end. Customers on these will usually be moved to their energy supplier's standard variable tariff and they are the most expensive.

All of the 'Big Six' energy suppliers have announced energy price increase for customers on standard tariffs, now really is the time to compare energy suppliers and find the best energy deal for your home.

Energylinx offers a free and impartial comparison and switching service. You can do a comparison on our website or by calling one of our energy advisors on 0800 849 7077 and they will help you find the cheapest energy tariff. Our team is available to help you Monday to Friday 9am - 6pm and Saturday 9am - 3pm.

Posted on May 30, 2018 at 09:05 AM