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Last Updated: Wednesday, 9 November 2005, 17:09 GMT
Scottish & Southern raises prices
Power station
Energy prices are up across the board
Scottish & Southern Energy (SSE) has said it will increase its prices for domestic electricity and gas customers from January next year.

It said it would raise prices by between 8.9% and 12% for electricity and 13.6% for gas customers.

The company blamed higher wholesale gas and electricity prices for the rise.

Power watchdog Energywatch said the timing of the rise was poor, coming just after Christmas, which was an expensive time of year for consumers.

The last time that SSE put up its prices - in February - it promised it wouldn't increase prices again until at least 2006.

The firm said that it had no choice but to increase prices when the time constraint expired.

"The pressure of high wholesale prices cannot... be withstood indefinitely and we have come to the point where these price rises are unavoidable," said Alistair Phillips-Davies, SSE's energy supply director.

Oil price link

In recent months, Powergen, EDT Energy and Scottish Gas all increased prices.

High oil prices has been the main reason for the higher charges.

This has driven up the price of gas imported from the continent, where the wholesale price of gas is linked to the price of oil.

In turn, this has made it much more expensive to generate electricity in the UK's gas-fired power stations.




SEE ALSO:
Gas customers may face price hike
22 Aug 05 |  Northern Ireland
Power customers facing price hike
29 Jul 05 |  Business
Powergen raises its prices again
21 Jul 05 |  Business
British Gas mulls 15% price rise
24 Jun 05 |  Business


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