Partner Article

SSE energy firm announce 9% price hike

Energy firm SSE has confirmed it will raise prices by 9% on 15th October, due to increases in fuel costs.

The company had pledged to maintain household energy prices until this autumn, and the cost of electricity and gas networks as well as compulsory government-sponsored schemes have resulted in the price hike.

The increase in energy bills will affect around 5 million households supplied with electricity by SSE, and 3.4 million gas customers in Great Britain, while SSE have committed to maintaining the new price until at least the second half of 2013.

Average fuel bills stood at £1,172 per month will increase to £1,274, based on industry averages from Ofgem’s annual household energy consumption figures.

Ian Marchant, SSE Chief Executive, commented: “In a time of economic difficulty, we have endeavoured to keep energy bills as low as possible.

“Unfortunately, the increases in costs that we have seen since making this pledge can no longer be absorbed and mean that we are unable to keep prices at their current levels beyond this autumn. An increase in our prices has therefore, regrettably, become unavoidable.

“We remain committed to offering a fair price for the energy we supply and providing a range of practical and financial support measures for those struggling to pay their bills.

“We will also continue to build on the initiatives introduced over the last year to create a simpler and more transparent approach for all energy customers.”

This was posted in Bdaily's Members' News section by Miranda Dobson .