Scottish and Southern Energy (S&SE) have announced another set of price rises effective from 1st May 2006, the second time this year that it’s raised its tariffs.
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Mervyn King, the Governor of the Bank of England, has warned that soaring energy prices could pose a real threat to the UK economy, and are one of the main reasons that interest rates haven’t been lowered in recent months.
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The National Grid yesterday issued an unprecedented warning that demand for gas may exceed supply, and that limits may have to be placed on usage.
There was more gloomy news for energy customers today as Npower becane the latest company to announce large price rises.
5.2 million customers of Scottish power will face higher bills from 1st of March, as the company announced price rises of 15% for it’s gas customers and 8% for electricity.
Powergen have become the latest energy company to introduce eye-wateringly high price rises for domestic customers, with its gas going up by 24.4% - beating even the 22% levied by British Gas.
March 1st will see the latest in British Gas’ series of price rises, this time by a whopping 22%, affecting both gas and electricity tariffs.
EDF Energy has announced price rises of up to 14.7% for its five million customers, from 13th March. EDF are the latest company to announce substantial tariff hikes over the last year following spiralling wholesale energy costs.
A new set of optional rules have been released aimed at making energy and water statements simpler to decipher, after consumer complaints that many statements were overly complicated.
More than 16 million energy consumers will be hit with even bigger gas and electricity bills following a decision by British Gas to increase tariffs by 14.2%.
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