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Scottish & Southern warn of possible price increases.
billsavings
Posts: 2,015 Forumite
in Energy
From todays Telegraph.
"Scottish and Southern Energy (SSE) has warned its 8.5m customers that they face a possible hike in gas and electricity bills.
The company, which provides power to consumers in Scotland and southern England, said that higher wholesale prices meant that it may have to pass them on to customers.
Ian Marchant, SSE's chief executive, said: "We have no plans today to increase prices, but if the wholesale environment stays as it is we cannot defy gravity."
The firm still hoped to be "the last, or one of the last" to raise prices, but the industry faced huge pressures."
See:http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/05/29/bcnscots129.xml
"Scottish and Southern Energy (SSE) has warned its 8.5m customers that they face a possible hike in gas and electricity bills.
The company, which provides power to consumers in Scotland and southern England, said that higher wholesale prices meant that it may have to pass them on to customers.
Ian Marchant, SSE's chief executive, said: "We have no plans today to increase prices, but if the wholesale environment stays as it is we cannot defy gravity."
The firm still hoped to be "the last, or one of the last" to raise prices, but the industry faced huge pressures."
See:http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/05/29/bcnscots129.xml
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