Energy firms join hike
Greedy energy firms are set to hammer customers with price hikes totalling an extra £500million a year.
Industry experts say at least two more suppliers are poised to announce rises just days after British Gas, the nation’s biggest supplier, hit four million users with a £ 60 a year increase in standard tariffs, adding £246million to bills.
French- owned EDF Energy hiked prices by £16 a year for 1.3 mi l lion households and German firm E.on’s bills rose by £22 for one million customers.
Npower, SSE and Scottish Power are expected to follow this week, adding a further £ 400-£ 500million to customer bills. It means total UK annual household energy bills will rise from £28.5billion to £29billion.
Mark Todd of price switch site energyhelpline, warned yesterday: “The energy price rise wave is on. Half of the big suppliers have now played their hand.”