Double-trouble as ScottishPower increases its energy prices for the SECOND TIME this year: Energy Prices

24 August 2018, 13:19

Double-trouble as ScottishPower increases its energy prices for the SECOND TIME this year

Georgie Frost, consumer advocate at GoCompare Energy, said: “Around a million (one third) of ScottishPower’s customers will be affected by this price hike, which will see the annual cost of big-six supplier’s standard variable tariff (SVT) increase by 3.7%, or £46, on average. This comes just a couple of months after ScottishPower’s customers were faced with a 5.6% increase that came into effect on 1 June this year, which added £64 to a typical annual energy bill.

“ScottishPower say they will offer all affected customers an opportunity to move to a fixed price tariff to avoid the increase, but people should not let themselves believe that this will result in a good deal for them. ScottishPower has no fixed dual fuel tariffs that feature in the top 50 cheapest that are currently available. So if you’re moved from their SVT to a fixed deal, you still have at least 50 other options that could be better for you.

“After 8 October, when this increase comes into force, ScottishPower’s dual fuel SVT rate will be £1,211 for a medium user paying by direct debit. That’s £404 more expensive than the current cheapest deal. There are lots of deals to choose from at the moment, including from new and established suppliers, so if you’re a ScottishPower customer you’re sure to find something that provides you with better value by shopping around right now.”

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For further information please contact:

Anders Nilsson/Martyn John/Louisa Marsden at GoCompare on 01633 654 054 / 01633 654 725 / 01633 655132

Gordon, Jason or Liz at MAW Communications on 01603 505 845

Keep up-to-date with GoCompare on Twitter; @GoCompare

Notes to editors

About GoCompare

GoCompare is a comparison website that enables people to compare the costs and features of a wide variety of insurance policies, financial products and energy tariffs.

GoCompare does not charge people to use its services, and it does not accept advertising or sponsored listings, so all product comparisons are unbiased. Gocompare makes its money through fees paid by the providers of products that appear on its various comparison services when a customer buys through the site.

GoCompare does not sell its customers’ data.

When it launched in 2006, it was the first comparison site to focus on displaying policy details rather than just listing prices, with the aim of helping people to make better-informed decisions when buying their insurance. GoCompare has remained dedicated to helping people choose the most appropriate products rather than just the cheapest, and has teamed up with Defaqto, the independent financial researcher, to integrate additional policy information into a number of its insurance comparison services. This allows people to compare up to an extra 30 features of cover.

GoCompare is the only comparison website to be invited to join the British Insurance Brokers’ Association (BIBA) and is authorised and regulated by the Financial Conduct Authority (FCA).

For more information visit www.gocompare.com and www.gocomparegroup.com

Contact Information

Louisa Marsden

louisa.marsden@gocompare.com