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SSE has become the latest British energy provider to increase electricity prices in response to the rising energy prices and the costs of delivering UK energy policy.
The average energy bill for SSE’s dual fuel customers will increase by £73, or 6.9 per cent, as a result of the change, which comes into force on April 28.
The move follows similar announcements in recent weeks from rivals Eon, Npower, ScottishPower and EDF, and leaves Centrica’s British Gas as the last of the so-called “big six” providers not to have raised prices. British Gas has committed to freezing prices for customers on its standard tarriff until August.
SSE highlighted the costs of government programmes to upgrade Britain’s ageing energy infrastructure, and said without the rise “we would have been supplying electricity to domestic customers at a loss”.
The company said it would establish a £5m fund to minimise the impact the price rises will have on its most vulnerable customers.
Will Morris, SSE managing director for retail, said:
We deeply regret having to raise electricity prices. This is the first increase since 2013, and we’ve worked hard to keep them down for as long as possible by cutting our own costs, putting in place a winter price freeze and holding gas prices, but we have seen significant increases in electricity costs which are outside our control.