All of Britain’s biggest energy companies have announced price increases this year, citing higher wholesale prices and the cost of government policies to support renewable energy generation.
Britain’s dominant energy companies have been under scrutiny by the government. In response to a government request, energy market regulator Ofgem said last month it could cap bills for some of the most vulnerable customers.
Below are tariff changes this year (in alphabetical order):
Centrica-owned British Gas is increasing its standard electricity tariff by 12.5 percent from Sept. 15, raising the average annual fuel bill for a typical household by 7.3 percent to 1,120 pounds.
Its gas price will remain unchanged.
EDF Energy, a unit of French utility EDF, raised its dual fuel prices by 7.2 percent from June 21. That is on top of a 1.2 percent rise in dual fuel prices which came into effect on March 1.
E.ON UK, a unit of German utility E.ON, raised its standard dual fuel energy bill by 8.8 percent from April 26.
Innogy-owned Npower’s typical annual dual fuel energy bill went up by an average 9.8 percent from March 16.
Scottish Power, owned by Spanish utility Iberdrola, increased its electricity prices by an average of 10.8 percent and its gas prices by an average of 4.7 percent from March 31.
This equates to an average 7.8 percent rise for dual domestic gas and electricity bills.
SSE’s standard domestic electricity prices rose by an average 14.9 percent from April 28, resulting in a 6.9 percent rise, for a typical dual fuel customer.
It kept gas prices unchanged. (Reuters)