Energy bills to go up by 9%

Britain's second largest energy firm SSE has said it will increase gas and elecricity tariffs by an average of 9% in October. It is blaming price increases in wholesale markets, as well as rising costs of using the National Grid network.

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SSE to introduce 'simple standing charge tariff structure'

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Significantly increased costs mean that a price increase is now unavoidable. Household prices to rise 9% from 15 Oct: http://t.co/XDFk8D0w

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We’re also introducing a new simple standing charge tariff structure and clear fixed monetary discounts. http://t.co/XDFk8D0w

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All customers will receive a letter fully explaining these changes in the first two weeks of September.

Click here to find out more about the increase in household energy prices and the new simple simple standing charge tariff structure.

How will the price rise affect you?

SSE said the 9% rise, which applies across gas and electricity, will add another £8.53 a month on to the typical monthly direct debit, dual fuel customer - taking the average annual bill to £1,274.

The group committed in January to keeping household bills on hold until October.

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.

– Ian Marchant, SSE chief executive

SSE, which trades as Southern Electric, Swalec and Scottish Hydro, said it had seen a 14% increase year-on-year in the average price in the wholesale market to secure gas for the coming winter.

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