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December 06, 2004

ScottishPower increase online energy prices

ScottishPower has announced an increase in their online domestic electricity and gas prices, effective for new customers from the 7th December 2004.

This latest price increase comes within a week of ScottishPower announcing that they were to commence charging 135,000 gas customers who are on a non-Transco gas network an extra £40 per year. Although ScottishPower do have to pay this additional charge to the Independent Gas Transporters (IGTs) it will however net ScottishPower a further £5.4 million a year.

This latest price hike, taking into account VAT and daily service charge, where applicable, means that ScottishPower Online customers will see their gas bills increase by an average 11.46% and electricity bills by 9.64% throughout the UK.

The effect on a standard domestic consumer who consume 19,050 kWhs of gas and 3,300 kWhs of electricity, operating an online account with ScottishPower can be seen in the table below:

Local Distribution Area Pre Increase Post increase % increase
Eastern £535.48 £590.95 10.36%
East Midlands £551.13 £609.38 10.57%
London £558.41 £616.99 10.49%
Manweb £590.09 £648.62 9.92%
Midlands £546.37 £606.44 11.00%
Northern £543.80 £601.19 10.55%
Norweb £540.51 £605.98 12.11%
Scottish Hydro £568.38 £627.85 10.46%
ScottishPower £596.33 £655.29 9.89%
Seeboard £541.93 £599.12 10.55%
Southern £547.95 £605.94 10.58%
SWALEC £580.14 £641.06 10.50%
SWEB £576.89 £640.78 11.07%
Yorkshire £545.58 £604.27 10.76%
Overall     10.63%
Based on standard domestic consumer consuming an average 3,300 kWhs electricity and 19,050 kWhs of gas per annum - paying by monthly direct debit.

With the domestic energy market at its most dynamic it is worth shopping around to find out whether or not you have the best deal for your home energy. The actual difference in price between the lowest and highest priced suppliers are substantial.

To check out the best deals, feel free to visit:

Dual Fuel Price Comparison

Gas Price Comparison

Electricity Price Comparison

Posted by energylinx at December 6, 2004 06:01 AM Technorati: