Personal Finance Editor's Letter: Energy price hikes

 

Share

 

It is no coincidence that as the  cold weather starts to bite the giant energy companies begin their annual round of price hikes. As the leaves fall, gas and  electricity prices rise.

Yesterday Scottish and  Southern Energy sparked fury among its seven million  customers by announcing increases of more than 8 per  cent (page 4).

But the move is just the first of a series of price hikes by the Big Six energy suppliers.

British Gas could announce a hike today – although it remained tight-lipped about it last night when we asked – while nPower is expected to do so next week, with EDF, Scottish Power and E.on  following soon after.

There is little point in  spitting venom about their  rip-off charges or eye-watering profits – which have climbed 74 per cent since 2009 – unless you’re prepared to do something  about it.

So what could you do? The Energy minister, Michael  Fallon, suggests that fed-up people should switch suppliers. That’s good advice but look beyond the Big Six. The cheapest fixed rate on offer right now is from First Utility, for instance.

You’ll hear more from i about energy bills in the coming weeks as the increases hit home and more people fall into fuel poverty.

And you can rest assured that we’ll hold the energy firms to account for every excess winter death caused by people being forced to turn off their heating because they can’t afford it.

i@independent.co.uk

React Now

Latest stories from i100
Have you tried new the Independent Digital Edition apps?
iJobs Job Widget
iJobs General

Recruitment Genius: Finance and Office Administrator

£35000 per annum: Recruitment Genius: An award winning field marketing agency ...

Recruitment Genius: Part Time Telesales / Appointment Maker

£10000 - £15000 per annum: Recruitment Genius: A professional telesales/appoin...

Recruitment Genius: Senior Execution Trader

£30000 - £250000 per annum: Recruitment Genius: A global Rolling Spot FX, Comm...

Austen Lloyd: Clinical Negligence Associate / Partner - Bristol

Super Package: Austen Lloyd: BRISTOL - SENIOR CLINICAL NEGLIGENCE - An outstan...

Day In a Page

Read Next
Australian cricketer Phil Hughes has died aged 25  

Phillip Hughes: A sensational man, both on and off the pitch

Angus Fraser
Natalie Bennett, the leader of the Green Party  

If people voted for policies, the Green Party would win the next election

Lee Williams
Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

It's in all our interests to look after servicemen and women who fall on hard times, say party leaders
Millionaire Sol Campbell wades into wealthy backlash against Labour's mansion tax

Sol Campbell cries foul at Labour's mansion tax

The former England defender joins Myleene Klass, Griff Rhys Jones and Melvyn Bragg in criticising proposals
Nicolas Sarkozy returns: The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?

Sarkozy returns

The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?
Is the criticism of Ed Miliband a coded form of anti-Semitism?

Is the criticism of Miliband anti-Semitic?

Attacks on the Labour leader have coalesced around a sense that he is different, weird, a man apart. But is the criticism more sinister?
Ouija boards are the must-have gift this Christmas, fuelled by a schlock horror film

Ouija boards are the must-have festive gift

Simon Usborne explores the appeal - and mysteries - of a century-old parlour game
There's a Good Girl exhibition: How female creatives are changing the way women are portrayed in advertising

In pictures: There's a Good Girl exhibition

The new exhibition reveals how female creatives are changing the way women are portrayed in advertising
UK firm Biscuiteers is giving cookies a makeover - from advent calendars to doll's houses

UK firm Biscuiteers is giving cookies a makeover

It worked with cupcakes, doughnuts and macarons so no wonder someone decided to revamp the humble biscuit
Can SkySaga capture the Minecraft magic?

Can SkySaga capture the Minecraft magic?

It's no surprise that the building game born in Sweden in 2009 and now played by millions, has imitators keen to construct their own mega money-spinner
The King's School is way ahead of the pack when it comes to using the latest classroom technology

Staying connected: The King's School

The school in Cambridgeshire is ahead of the pack when it comes to using the latest classroom technology. Richard Garner discovers how teachers and pupils stay connected
Christmas 2014: 23 best women's perfumes

Festively fragrant: the best women's perfumes

Give a loved one a luxe fragrance this year or treat yourself to a sensual pick-me-up
Arsenal vs Borussia Dortmund: Alex Oxlade-Chamberlain celebrates century with trademark display of speed and intuition

Arsenal vs Borussia Dortmund

The Ox celebrates century with trademark display of speed and intuition
Billy Joe Saunders vs Chris Eubank Jnr: When two worlds collide

When two worlds collide

Traveller Billy Joe Saunders did not have a pampered public-school upbringing - unlike Saturday’s opponent Chris Eubank Jnr
Homeless Veterans Christmas Appeal: Drifting and forgotten - turning lives around for ex-soldiers

Homeless Veterans Christmas Appeal: Turning lives around for ex-soldiers

Our partner charities help veterans on the brink – and get them back on their feet
Putin’s far-right ambition: Think-tank reveals how Russian President is wooing – and funding – populist parties across Europe to gain influence in the EU

Putin’s far-right ambition

Think-tank reveals how Russian President is wooing – and funding – populist parties across Europe to gain influence in the EU
Tove Jansson's Moominland: What was the inspiration for Finland's most famous family?

Escape to Moominland

What was the inspiration for Finland's most famous family?