scottish power increase prices

Scottish Power have followed British Gas, N Power and EDF by announcing an increase to their Gas and Electricity. Gas bills will rise by around 15% on average and Electricity by 14 the company said.

 Scottish Power which has 5.2 million customers blamed higher wholesale gas prices. Customers on dual fuel faced an 14.8% increase, however, 1.2 million customers on fixed price deals will not see an increase.

Rivals British Gas - the UK’s biggest power provider - increased gas and electricity prices by 15% in January.

The same month, Npower raised its electricity prices by 12.7% and gas by 17.2% and EDF Energy also put up its electricity tariffs by 7.9% and gas bills by 12.9%..

EON are now expected to follow suit, meanwhile, Southern and Scottish Energy have promised not to follow until the end of next month.

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  Energy firm Npower has announced double-digit rises in the price its domestic customers will have to pay for gas and electricity - with industry observers saying that other companies are likely to follow suit.

So is now the time to reconsider who provides your energy?

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Npower increase gas and electricity prices

  Energy firm Npower has announced double-digit rises in the price its domestic customers will have to pay for gas and electricity - with industry observers saying that other companies are likely to follow suit. So is now the time to reconsider who provides your energy?

Chancellor Alistair Darling asks to meet the energy regulator Ofgem to discuss gas and electricity price rises. 

In a letter to Ofgem, Mr Darling said he wanted to review the reasons behind the price rises and their implications.

Npower, which has increased average gas prices by 17.2% and electricity by 12.7%, expects rivals to follow suit.

The company, the UK’s fourth-largest energy supplier, blamed the price rises on soaring wholesale costs.

Record oil costs

Wholesale energy prices have risen by 66% for electricity and 60% for gas since last year, said Npower, which has four million UK customers.