SSE - 27.2% price jump

crockhamtown
crockhamtown Posts: 5 Forumite
Combo Breaker First Post First Anniversary
in Energy
Just got a letter from SSE. I am an electricity only user.

They say my Current price of 14.04p per kWh is to change to 17.0p. This is an increase of 21%. WOW!

But wait, my last bill of February 2017 was only 13.37 per kWh. So my real increase is 27.2%.

Incredible.:mad:

Comments

  • System
    System Posts: 178,093 Community Admin
    Photogenic Name Dropper First Post
    crockhamtown wrote: »
    Just got a letter from SSE. I am an electricity only user.

    They say my Current price of 14.04p per kWh is to change to 17.0p. This is an increase of 21%. WOW!

    But wait, my last bill of February 2017 was only 13.37 per kWh. So my real increase is 27.2%.

    Incredible.:mad:

    Your last bill was showing the unit price. The 14.04p is your unit price plus VAT.
  • crockhamtown
    crockhamtown Posts: 5 Forumite
    Combo Breaker First Post First Anniversary
    Thanks Hengus for the clarification. Even so +21% is still a huge hike in SSE's charges.
  • Pincher
    Pincher Posts: 6,552 Forumite
    Combo Breaker First Post
    Existing one year fix unit rate 10.268p
    Currently available new one year fix unit rate 13.478p

    Both including VAT.

    So 31% increase is same for everybody.

    The shock should be the 17p :eek:
  • crockhamtown
    crockhamtown Posts: 5 Forumite
    Combo Breaker First Post First Anniversary
    Pincher, which energy provider are your figures from?
  • matelodave
    matelodave Posts: 8,607 Forumite
    First Anniversary Name Dropper Photogenic First Post
    Dont forget that rates for the same tariff differ across the country depending where you live in, so it's not always easy to compare unless you live in the same region.
    Never under estimate the power of stupid people in large numbers
  • molerat
    molerat Posts: 31,851 Forumite
    Name Dropper Photogenic First Post First Anniversary
    With the forthcoming governmental meddling introducing price caps and possibly more to come they have got to make the money up somewhere. Did people actually believe that the loss would be sucked up by the suppliers, making hay while the sun shines comes to mind.
  • Pincher
    Pincher Posts: 6,552 Forumite
    Combo Breaker First Post
    Scottish Power

    Moneysupermarket.com allow you to choose existing tariff,
    which is Online Fixed Price Energy June 2017.

    It also shows Online Fix & Save April 2018, currently available from Scottish Power.

    I'm in North London.
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