960,000 Scottish Power customers hit with June price hike
By Callum Mason, MoneySavingExpert
Scottish Power has become the third Big Six energy provider in ten days to announce a price hike, after it revealed it's increasing standard variable gas and electricity prices from 1 June. Dual fuel direct debit customers will see annual bills increase by an average of 5.5%, or £63.
The rise will affect around one-third of Scottish Power customers - 960,000 in total. Those on fixed tariffs or prepay tariffs aren't affected.
Although the majority of Scottish Power' standard tariff customers pay by monthly direct debit, quarterly credit customers which actually see a bigger average bill increase of 6.9%, or £85 a year.
If you're on Scottish Power's standard tariff and will be hit by this price hike, you're likely already overpaying. In 60 seconds find out if your bills are too high.
MoneySavingExpert.com founder Martin Lewis said:
"Here we go again, another energy company bleating like a sheep. British Gas set the lead and now, knowing they won't get smacked with the same level of publicity whether or not it's justified, we see the rest following along.
But yet again, what Scottish Power customers and indeed customers of all big six energy companies need to know is that they are ripping themselves off by staying on a standard tariff.
The do-somethings get better deals than the do-nothings. Someone on typical use could cut bills by around £300 a year with just five minutes work.
There's no point spitting and swearing about energy companies taking us for a ride if we're getting on the bus."Do a comparison, find yourself a cheaper deal - that's the best way to stick two fingers up to them."
I'm a Scottish Power customer - how am I affected?
You're only affected if you're on Scottish Power's standard tariff:
- For those on monthly direct debit... average dual fuel bills will rise by £63 to £1,211/yr, based on typical use - a 5.6% increase.
- For those who pay by quarterly credit... average dual fuel bills will increase by £85 to £1,311/yr, based on typical use - a 6.9% increase.
These estimates are based on typical annual consumption of 3,100kWh electricity and 12,000kWh gas.
This can be broken down into the removal of the dual fuel discount, which was £10.50, a gas price increase of £20.50 and an electricity price increase of £32.
What does Scottish Power say?
Scottish Power's CEO retail Neil Clitheroe said:
"Unfortunately our standard variable prices are increasing. This reflects rising wholesale energy costs and compulsory non-energy costs.
"Two-thirds of our customers are unaffected. We will be contacting all customers affected by the price change to give them the opportunity to move to a fixed price tariff alternative and avoid this increase."
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