SSE outdoes all other energy companies with highest price hike of all
It was just a matter of time…
Energy company SSE has announced a £76 price hike for 2.36 million customers.
SSE is the last of the Big Six energy suppliers to announce it is upping prices.
The increased prices will hit customers from July 11.
British Gas started the price hikes in April, when it announced a 5.5% rise – or £60 per year - for 4.1 million customers.
From there it was a domino effect with EDF, Scottish Power, and Npower following close behind.
SSE has blamed the price rises on an increase in wholesale energy costs, alongside the government's planned introduction of a price cap on energy tariffs.
SSE will increase electricity and gas bills by an average of 6.7%, or £76 a year.
OUR TIP: Switch your deal now! You can easily beat all these price hikes by locking in a fixed deal today. Find one here.
When will prices go up?
British Gas' hike is now in effect and will see bills go up by an average of £60 to £1,161 a year.
Scottish Power is increasing prices by 5.5% - or £63 on average - for nearly one million people from 1 June.
EDF has a 2.7% - or £16 - electricity price rise coming into effect on 7 June for 1.2 million customers.
Npower's 5.3% increase - an average of £64 - will hit one million people from 17 June.
Are you paying too much for your energy bills?
We compare prices from the Big 6 and many other energy suppliers, getting you the very best price.