ScottishPower will be announcing a rise in its electricity and gas prices “at some point this year”, the CEO of its energy retail and generation said today.
Neil Clitheroe confirmed consumers will see an increase in their energy bills this winter, blaming it on the same reasons as other power providers that have announced price hikes so far – SSE, British Gas and npower.
He told BBC Radio: “What I will say is that common to all the other energy suppliers, we face the same increase in input costs whether it be wholesale gas cost, whether it be the cost of delivering energy to homes, whether it be the environmental schemes. Therefore at some point this year, we will be increasing our prices to take account of those costs.”
Energy Secretary Ed Davey defended the Government’s mandatory schemes yesterday, suggesting “there should be no need for any increase to consumer bills” due to the Energy Company Obligation (ECO) – a programme that places legal obligations on larger suppliers to deliver energy efficiency measures to domestic users.
ScottishPower was today ordered by Ofgem to pay £8.5 million to its customers because it misled them in the way it sold its products in the doorstep and over the phone.