MSE News: Scottish Power to hike energy prices

ricky9

This is the discussion thread for the following MSE News Story:

"Scottish Power has announced it will hike electricity prices by 10% and gas prices by a whopping 19% from 1 August, in a bitter blow to 2.4 million households. ..."

Read the full story:
Scottish Power to hike energy prices

Back to original Post:

Scottish Power Price Rise from August
10% on Electricity and 19% on Gas.
Will all the sheep follow

BMikey

:eek:http://www.scottishpower.com/PressReleases_2183.htm

*onlyme*

Just seen it on the news...that is very scary. I am with Eon and on a fixed rate till next year but might be looking if they got anything else fixed for longer and what the difference is as they normally all follow on with hiking prices..

KimYeovil

£115 per quarter premium to pay on time at the Post Office!

(And, usual suspects, no, I am not contradicting myself.)

Raymond Jack said: "There are a number of ways we can help lower energy bills. For example, some of our customers could save an average of £459 per year [8] by making simple changes to the way they pay for their energy, switching to paper-free online billing and selecting one of our new or existing energy products.

[8]: Annual average saving of £459 shown is based on an average of ScottishPower dual fuel customers across Britain who make separate quarterly payments (excluding prompt payer discounts) and switch to ScottishPower Direct October 2012 Offer making combined payments monthly by Direct Debit. Comprises a saving of £185 for switching to monthly Direct Debit from quarterly payments (excluding prompt payer discounts) and a saving of £274 for switching to ScottishPower Direct October 2012 Offer (including the Dual Fuel annual discount of £16.80 (inc VAT) and the Online Energy Service annual discount of £15.75 (inc VAT)).

papi34

I'm on their online energy saver 11 tariff. I know there is a £50 bail out on this, so is it worth considering??

lqa

I have just come off their fixed rate and looking to implement another.

Question is: Do I remain with SP and go to fixed NOW or uSwitch to somewhere else.

Last time I checked, about 2 weeks ago, SP was still the bestest.

shortchanged_2

That is a horrendous price hike. It will be interesting to see how the others raise their prices. I'm pretty sure it will be somewhere along the same lines.
It also does nothing to ease the inflation problem in the UK.

CharlieBilly

All the energy companies will follow like lambs to the slaughter

Must be a good day to bury bad news

beecher2

This isn't good! I'm regretting going on to their online saver 11 tariff now. Like papi34, I'm wondering if it is worth moving.

craggs

This is getting out of hand now!

Does anyone know how i could guess my new price per unit on my tarrif,,i know it will be different amounts on each tarrif the rise it but using the 19% and 10% as the bench mark.

It would give me a better idea if to fix or not.

My current prices are

Electricity primary 17.277 pence per kWh Electricity secondary 10.031 pence per kWh Gas Primary 5.033 pence per kWh Gas secondary 3.647 pence per kWh

Would i just say for eg get the 17.277 + 10% and come up 19.047?

or just add 10% to my yearly electricity bill,same 19% for gas


thanks i know it sounds confusing just hope someone understands me:money:

jj_jj

papi34 wrote: »

I'm on their online energy saver 11 tariff. I know there is a £50 bail out on this, so is it worth considering??

I seem to recall hearing that the exit fee would have to be refunded if you were leaving because of a unilateral contract variation (price rise in this case) if you notified your supplier and left within the stipulated period.

I'd stand to be corrected, but I thought that was the case.

J.