SCOTTISHPOWER TO RAISE PRICES FROM MARCH AS A RESULT OF SOARING WHOLESALE COSTS
1 March 2006
ScottishPower today announced higher gas and electricity prices. From 1 March 2006 electricity prices will rise by 8% and gas by 15%.
Willie MacDiarmid, Director of Energy Retail, said: "Wholesale energy costs are now at record levels, up by around 80% over the last 12 months. We have worked hard to protect our customers from this over the winter. However, we now need to pass on a further part of the increased costs from March when milder weather should help lessen the impact on bills."
Further information:
Investors
David Ross Group Investor Relations Manager 0141 566 4853
Media
Colin McSeveny Director, Media Relations 0141 636 4515
Anthony Cardew Cardew Group 0207 930 0777 or 07770 720 389
Rupert Pittman Cardew Group 0207 930 0777 or 07976 249 289