01 Sep, 2008
Two more UK energy companies announce higher prices
Thu, 08/21/2008 - 16:26 — Damien Bluestone
As the Global economic crisis shows no sign of slowing down, two of the UK’s biggest energy companies, Scottish and Southern Energy and E.ON announced that they will be raising their energy prices because of increased wholesale costs.
In a report issued by E.ON, it states that it will be raising its electricity prices by 16 percent and its gas prices by a whopping 26 percent. This was followed by a statement by Scottish and Southern Energy, that it would also be raising prices, gas by 29.2 percent and electricity by 19.2 percent.
The news comes after July sore British Gas and EDF raise their prices, and it is widely expected that other energy companies will follow. This means that the average domestic user’s bills could increase by up to £230 a year.