Scottish & Southern Energy PLC
29 September 2006
DETAILS OF PRICES FOR
ELECTRICITY AND GAS IN 2007
Further to its announcement on 21 September, SSE has confirmed that the price
rises which it has said it will be introducing in 2007 for domestic electricity
and gas will be 9.4% (average) and 12.2% respectively.
These price rises will take effect on 1 January 2007, and even after their
implementation, SSE's prices for gas and for gas and electricity combined will
remain the lowest in the UK.*
Alistair Phillips-Davies, Energy Supply Director of SSE, said:
'As we said last week, it is well-known that we have made fewer price increases
than all the other major energy suppliers over the past three years and that we
have passed on to our customers far less than the full extent of the increase in
wholesale energy prices experienced in that period. The consequences of three
years of high wholesale energy prices are, however, still being felt.
'Even after these latest increases take effect, our gas prices and 'dual fuel'
prices will still be the lowest in the country. If, as everyone hopes, falls in
wholesale energy prices continue and are sustained, we will move as quickly as
we can to reverse the price rises of recent years.
'In the meantime, we will continue our work on fuel poverty and energy
efficiency to make sure that we play our part in meeting the needs of vulnerable
customers.'
*Based on the average Standard Quarterly price across all areas of Great
Britain. On this basis it is calculated that: SSE's new gas price from January
2007 will be £606 per annum, compared with the £707 currently charged by British
Gas; SSE's new price for gas and electricity combined ('dual fuel') from January
2007 will be £962 per annum, compared with the £1,120 currently charged by
British Gas. This is based on annual consumption of 20,500kWh of gas and
3,300kWh of electricity. Prices include VAT.
Enquiries to:
Scottish and Southern Energy
Alan Young, Director of Corporate Communications 0870 900 0410
Denis Kerby, Corporate Communications 0870 900 0410
Sharron Miller-Mackenzie, Corporate Communications 0870 900 0410
This information is provided by RNS
The company news service from the London Stock Exchange
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