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Five million homes face ‘shock’ energy rise

[James Hall, Consumer Affairs Editor, The Telegraph]

Five million households face increases in their fuel bills of up to £100-a-year despite rising profits for energy companies.

SSE, the UK’s second biggest energy company after British Gas, said that from mid-October the price of an average annual dual fuel bill will rise from £1,172 to £1,274. Other companies are expected to follow suit

It came as Ofgem, the energy regulator, said the profit margins of profit companies were due to rise by almost 14 per cent.

Consumer groups and MPs said that the “shock” above-inflation rise will condemn cash-strapped families to a “winter of misery”.

The £102 increase will hit 3.3 million dual fuel households, while a further 1.7 million homes will also see sharp rises in their bills.

SSE said that it is “regrettably” raising the cost of gas and electricity by 9 per cent because of the rising cost of energy on the wholesale markets and increasing green taxes from the Government.

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