As widely predicted, Powegen have again raised their prices by a substantial amount - 18.4% for gas and 9.7% for electricity. The new tariff will take effect from Monday.

Powergen are the last major UK energy supplier to implement a second price hike this year, following rises of 25% and 18% in March.

Powergen’s parent company has recently announced a 26% drop in profits, although the pre-tax profit figure was still a healthy looking £304m.

Follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.