Scottish Power announces biggest rise from a major supplier in 2018 so far

Scottish Power is the latest of the major suppliers to have announced a price rise.

Scottish Power announces biggest rise from a major supplier in 2018 so far

Scottish Power is the latest of the major suppliers to have announced a price rise.

This rise adds to the millions of UK consumers who are already in the crossfire of coming rises.

This price hike also means the majority of the Big Six are set to increase prices, with price hikes already landing as of yesterday. It is estimated that at least 6 million customers may be affected by these hikes.

Here is a rundown of price hikes announced so far, in chronological order:

  • April 19th - E.on – up 4.2% increase, avg. annual bill to increase up to £50*.
  • May 29th – British Gas, 5.5% increase, avg. annual bill to increase by £60*.
  • June 1st – Scottish Power, 5.5% increase, avg. annual bill to increase by £63*.
  • June 7th – EDF, 2.7% increase, avg. annual bill to increase by up to £28* (if you pay by cash or cheque).

It is vital to remember that Standard Variable Tariffs should nearly always be avoided, as they are typically poor value for money.

The cheapest tariff on this site is as of this writing £806*, which means consumers could save £405* on average by switching to new tariff. It’s an easy and quick thing to do - all it takes is a few quick clicks.

*Calculations for average usage dual fuel household paying by monthly D/D. Average usage defined by OFGEM is 12,000 kWh PA gas and 3100 kWh PA electricity. Includes publicly available tariffs available in at least 12 of the 14 regions of UK. Excludes exclusive, collective and staff tariffs not generally available. Source: energyhelpline.com.

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