Nearly 1m households will see their energy bills jump by £63 a year after Scottish Power became the fourth of the big six suppliers to raise their prices. Neil Clitheroe, chief executive of retail at the firm, said: “Unfortunately our standard variable prices are increasing. Ofgem recently raised a price cap on 5m vulnerable households and before the government’s wider price cap for 11m households on standard variable tariffs. The French state-owned supplier will raise dual fuel bills for 1.3 million customers – nearly 40% of EDF’s total – on standard variable tariffs, increasing the average bill by £16 to £1,158. The average annual increase was £22 but one in four households on the firm’s standard variable tariffwill have to pay an extra £50 a year.

Source: The Guardian April 20, 2018 12:58 UTC