Britain’s Energy Costs Keep Rising Fast

More than 2m customers will have to pay more for their electricity and gas bills after SSE announced it is increasing its tariffs by an average of 6.7 per cent. The hike equates to an increase of £76 per year for a typical dual fuel bill.

The FTSE 100 energy company on Wednesday blamed “sustained increases in wholesale and policy costs” for the rise which will take effect from July 11. It will impact 2.36m customers with SSE Energy Services and M&S Energy who get their supply from SSE. Dual fuel customers will see the price of gas go up by 5.7 per cent and 7.7 per cent for electricity. […]

SSE added that policies to support renewables as well as the rollout of smart meters, which has been hampered by significant delays, required “significant upfront investments which are funded through energy bills”. These policies, it said, should be funded “more fairly through means-tested general taxation”.

The decision by SSE follows news by British Gas and Scottish Power to increase their tariffs for households in recent weeks.

Full story

via The Global Warming Policy Forum (GWPF)

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May 30, 2018 at 09:49AM

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