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SSE to raise electricity prices next month | SSE to raise electricity prices next month |
(35 minutes later) | |
SSE has become the latest "big six" energy supplier to raise its prices. | SSE has become the latest "big six" energy supplier to raise its prices. |
It said average electricity prices would rise by 14.9% from 28 April for 2.8 million customers. However, it will keep its gas prices unchanged. | |
As a result, SSE said a typical dual fuel customer would see their annual bill rise by 6.9%, or £73. | |
It blamed the increase on government policies which compel firms to buy electricity from renewable sources and pay for smart meter installations. | |
SSE says the price rise is the first for three and half years. | SSE says the price rise is the first for three and half years. |
Rival energy suppliers Npower, EDF, Scottish Power and E.On have all announced price increases recently. | Rival energy suppliers Npower, EDF, Scottish Power and E.On have all announced price increases recently. |
Will Morris, SSE's managing director for retail, said he "deeply regretted" having to put up prices. | Will Morris, SSE's managing director for retail, said he "deeply regretted" having to put up prices. |
"This is the first increase since 2013 and we've worked hard to keep them down for as long as possible by cutting our own costs, putting in place a winter price freeze and holding gas prices, but we have seen significant increases in electricity costs which are outside our control," he said. | "This is the first increase since 2013 and we've worked hard to keep them down for as long as possible by cutting our own costs, putting in place a winter price freeze and holding gas prices, but we have seen significant increases in electricity costs which are outside our control," he said. |
"Without an increase we would have been supplying electricity to domestic customers at a loss." | "Without an increase we would have been supplying electricity to domestic customers at a loss." |