Scottish & Southern Energy PLC
18 January 2008
SCOTTISH AND SOUTHERN ENERGY PLC
COMMITMENT TO HOLD ENERGY PRICES THIS WINTER
Scottish and Southern Energy plc ('SSE'), the UK's second largest energy
supplier, has said that it will keep its electricity and gas prices for domestic
customers at their current levels for the rest of this winter and until at least
the start of British Summer Time.
Household energy consumption is at its highest in the first quarter of the year,
with the average household in Great Britain using around 40% of its annual gas
consumption and around 30% of its annual electricity consumption in January,
February and March.
SSE supplies energy as Southern Electric, SWALEC, Scottish Hydro Electric and
Atlantic. Its 'fair pricing' policy is that it seeks to be the last, or one of
the last, of the energy suppliers to increase prices if it has to and the first,
or one of the first, to lower prices if it can. It is currently the cheapest
energy supplier in the country*.
Alistair Phillips-Davies, Energy Supply Director of SSE, said:
'We want to continue to stand between our customers and the worst effects of the
sustained rise in wholesale energy prices and other upward pressures on domestic
prices that are again being experienced. That's why we will not be putting up
prices for our customers this winter, when they are having to use most energy.
We're also working very hard to ensure that we can keep prices as low as
possible for as long as possible.'
* Comparing the six major energy suppliers in each electricity supply area for a
dual fuel customer on the standard general domestic tariff consuming 20,500kWh
of gas per annum, and 3,300kWh of electricity per annum and paying quarterly.
On this basis, a customer of SSE currently pays a total of £872 on average over
a year for their electricity and gas. This was £40 less than a customer of
British Gas; following today's price increase by British Gas this is now around
£175 less than a customer of British Gas.
NOTES
• According to three separate independent surveys - JD Power and
Associates 2007 UK Gas and Electricity Supplier Customer Satisfaction Study,
uSwitch.com's Customer Satisfaction Report and energywatch's quarterly
supplier performance report - SSE provides the best customer service in the
energy supply industry.
• SSE's product portfolio includes the 'better plan', a unique package
that provides financial rewards to customers for using less energy.
• British Summer Time begins on 30 March 2008
This information is provided by RNS
The company news service from the London Stock Exchange
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Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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