What’s in this guide?
Did you know that SSE has recently announced a price rise that is higher than all of the other big six price increases in 2018?
Many customers have been voting with their feet; the result is that they have lost around 430,000 customers.
Their total customers are going from 7.23 million to 6.8 million.
This has prompted a merger with another ‘big six’ energy company, nPower. That has caused a flurry of negative reviews on Trustpilot with many customers unhappy with these announcements.
nPower customer on Trustpilot: I see this morning they are combining with SSE-so what this means is another year of muddle, muck-ups and confusion. There needs to be far more Government interference here.
Let’s take a closer look at the SSE price changes.
Changing prices news
The SSE gas prices are going to increase by 5.7%, and the electricity prices will go up by 7.7% on 11th of July for SSE customers that are on variable or ‘default’ deals.
This will mean if you are a customer, you could be expecting a £76 annual rise, which will likely affect around 2.36 million customers.
Similarly, they have also removed their online discounts.
Meaning that there will be a 7.9% overall increase, or approximately around £87 annually per household.
SSE said that the reason their prices have risen so much is that of forces ‘largely out of their control’.
However, energy companies like Pure Planet have only increased customers costs by 1.40%.
Take a look at the table below to see which energy companies have raised their costs in the last year, and by which percentage.
|Supplier||SVT Tariff Name||Previous SVT price||New SVT price||Difference||Comes into effect from:|
|Ebico||Ebico Zero||£1,101||£1,161||£60||5.50%||16th January|
|Octopus Energy||Flexible Octopus||£908||£931||£23||2.50%||15th February|
|Pure Planet||100% Green||£860||£872||£12||1.40%||31st March, 1st May|
|ENGIE||Safe And Easy||£980||£1,038||£58||5.90%||4th April|
|Our Power||Our Best||£848||£939||£91||10.70%||4th April|
|Ecotricity||Green Electricity + Green Gas||£1,201||£1,258||£58||4.80%||14th April|
|Igloo Energy||IGLOO PIONEER||£845||£871||£26||3.10%||16th April|
|E.ON||E.ON Energy Plan||£1,123||£1,153||£30||2.70%||19th April|
|British Gas||British Gas Standard Variable Tariff||£1,101||£1,161||£60||5.50%||29th May|
|Scottish Power||Standard||£1,147||£1,211||£64||5.60%||1st June|
|EDF Energy||Standard (Variable)|
ONE.ON Energy Plan£1,153£1,208£554.80%16th August
Even if SSE hadn’t increased their prices by 6.7%, they would still have one of the most expensive tariffs on the market today.
Skip to what you can do to avoid prices for more information about energy shopping.
I am an SSE customer – am I affected?
If you are a standard variable rate customer, you will be affected by the increases in costs for 2018.
Also if you currently have the paperless billing discount, you will no longer receive it from SSE which is a further £6 per fuel per year.
What can I do to avoid changing prices?
As these specific tariffs that are affected by price increases do not have fixed terms that lock you in, you can switch at any time.
Check out the EnergySeek comparison tool, which will tell you which tariffs are available to you right now.
First of all, comparing suppliers means that instead of switching to the first supplier that you see, you take a look at many deals available to you right now.
This can end up with you saving some serious money on your annual bills.
Finally, you can see which suppliers have the traits that you value the most, like customer satisfaction and extra services.
Are you interested comparing or switching energy supplier?
Did you know that you could be saving up to £500 on your energy bills every year?