31/03/2006

Scottish & Southern Energy announce price rises

Energy supply company Scottish & Southern Energy has announced that it will increase prices for the majority of its domestic electricity and gas customers - the fourth time prices have risen since the start of 2004.

From May 1, standard prices for electricity customers will increase by 9.4% on average, while standard prices for gas customers will increase by 16.5% on average.

However, SSE said that it would these prices until at least the start of 2007.

SSE said that since the start of 2004, wholesale electricity prices have risen by 165% and wholesale gas prices have risen by 180% whereas the cumulative average price increases made by SSE in that period were 37% and 61%, respectively.

Alistair Phillips-Davies, Energy Supply Director of SSE, said: "The impact of high wholesale energy prices can only be absorbed for so long and we have delayed this price increase.

"In doing so, we have again imposed price rises more slowly than our competitors, an approach which has been of real help to our customers over the past two years.

"We are also making a commitment to hold electricity and gas prices at their revised levels until at least the start of 2007, which is in line with our policy of responsible pricing. This policy clearly helps all customers. We are also ensuring our most vulnerable customers receive further help through our 'energy plus care' package, which offers practical help with fuel bills to those who most need it."

(KMcA/SP)

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