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Scottish & Southern Energy to raise its prices | Scottish & Southern Energy to raise its prices |
(40 minutes later) | |
Scottish & Southern Energy (SSE) has become the latest gas and electricity supplier to announce a rise in prices. | |
Its household electricity bills will increase by an average 11%, and its household gas bills by an average 18%, from 14 September. | Its household electricity bills will increase by an average 11%, and its household gas bills by an average 18%, from 14 September. |
The move comes after British Gas said earlier this month that the cost of its electricity and gas will go up from 18 August. | The move comes after British Gas said earlier this month that the cost of its electricity and gas will go up from 18 August. |
The energy firms are blaming an increase in wholesale energy prices. | The energy firms are blaming an increase in wholesale energy prices. |
Another of the big six energy suppliers, Scottish Power, announced price rises in June, with the cost of its gas going up by 19% from the start of next month, and its electricity rising by 10%. | |
SSE first warned in May that its prices would likely have to go up because of a big rise in the wholesale prices it had to be pay. | |
It made that announcement as it reported that its annual pre-tax profits had increased by 29% to £2.1bn. | |
Last week, watchdog Consumer Focus said five million UK households now spent more than 10% of their total income on energy bills, which is classified as being in fuel poverty. | |
Consumer Focus estimates that the number of homes in fuel poverty will rise to nearly six and a half million households if all of the big six energy providers raise their prices. |