ScottishPower to hike bills by 10% for 900,000 customers on its standard variable tariff from 1 April – joining British Gas, E.ON, EDF Energy and npower
The £117 hike, up to the new price cap level, means ScottishPower’s standard plan will cost £1,254 on average – adding a further £105 million to bills across the country
Prepayment meter customers will also face a £106 (9%) price rise
Uswitch urges energy customers to switch now and save up to £324
Richard Neudegg, Head of Regulation at Uswitch.com, said: “Five of the big six energy companies have now confirmed their price rises less than two weeks after Ofgem announced it is raising the level of the cap. Standard tariffs are not value for money, with or without a cap, and ScottishPower customers have been given a harsh reminder of this today.
“It’s now been confirmed that over £1 billion a year will be slapped on energy bills from 1 April. But households don’t have to fork out extra just because a spreadsheet says so.
“There are nearly 200 energy tariffs which are currently cheaper than the new price cap will cost. Consumers can grab savings over of £300 by switching now.”
Find out how you could save over £1,000 a year with Uswitch here.
FOR MORE INFORMATION
Tim Dunford
Phone: 020 3872 5612
Mobile: 07785 552666
Email: tim.dunford@uswitch.com
Twitter: @uswitchPR
Notes to editors
Source: Uswitch.com
Source: Ofgem - number of non-price protected domestic customer accounts, July 2018
Scottish Power had 898, 758 SVT customers as of July 2018 x £117 = £105,154,686
Cheapest deal as of 19 February 2019 is £930. £1,254 - £968 = £324
Total standard variable customers with E.ON, EDF, npower, British Gas and ScottishPower in July 2018 = 8,982,175. Customer numbers are then multiplied by the price rise for each supplier = £1,060,095,329
On 19 February 2019 there were 190 deals cheaper than the level of the price cap.
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