Friday, 29 October 2010

Scottish & Southern to hike UK gas prices on the 1st December

British utility Scottish & Southern Energy will hike household gas prices by
9.4 percent this winter, responding to sharp rises in wholesale gas prices.

The company said the increase on Dec. 1 would push up the typical annual gas
bill by 55.68 pounds to 650 pounds ($1,035) and affect about 3.6 million
customers, piling more pressure on consumers grappling with big government
spending cuts.

"The last few months have been marked by rising wholesale gas prices and,
having absorbed losses in our gas supply business for some time, we can not
delay an increase in retail prices any longer," Alistair Phillips-Davies,
energy supply director at SEE, said in a statement on Friday.

Phillips-Davies said he was sorry the price increase would take place during
winter but noted that wholesale gas prices had increased over 25 percent
since SSE last implemented price changes in March 2010.

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