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SSE to raise energy prices by 9 Percent

24 Aug 2012

UK utility group SSE Plc has announced that from 15 October 2012 it will be increasing its domestic gas and electricity prices by an average of 9 per cent. The price increase will affect around 5 million household electricity customers and around 3.4 million household gas customers in Great Britain.

The firm which trades as SSE, SWALEC, Southern Electric, Scottish Hydro, and Atlantic, said that some of the key factors for the increases were rising energy wholesale prices, increased costs of using the gas and electricity networks and environmental and social obligations. “SSE is committing to cap household energy prices at this level until at least the second half of 2013” it said in an official statement.

Ian Marchant, SSE Chief Executive, said: “In a time of economic difficulty, we have endeavoured to keep energy bills as low as possible. That is why we pledged last summer to cap our energy prices for as long as possible and until at least August 2012, and then in January extended this pledge to
October 2012.

Unfortunately, the increases in costs that we have seen since making this pledge can no longer be absorbed and mean that we are unable to keep prices at their current levels beyond this autumn. An increase in our prices has therefore, regrettably, become unavoidable.

We remain committed to offering a fair price for the energy we supply and providing a range of practical and financial support measures for those struggling to pay their bills. We will also continue to build on the initiatives introduced over the last year to create a simpler and more transparent approach for all energy customers.”