Two of the UK’s biggest energy providers have announced plans to increase bills for millions of customers, with other Big Six suppliers likely to follow suit.
British Gas, the country’s biggest supplier, announced an average price rise of 5.5pc that will come into force at the end of May for its 4.1 million dual fuel customers. Energy minister Claire Perry described the increases as “unjustified”.
Rival provider EDF Energy then said the cost of its average electricity tariff would increase by 2.7pc for around 1.2 million customers. This means a typical dual fuel customer would see their bills rise by 1.4pc from June.
E.on raised prices in March while the three other major firms in the UK energy market – Npower, Scottish Power and SSE – have yet to announce their own increases. Claire Osborne, of comparison site uSwitch, said she expected other major providers to raise prices shortly.
“It looks like price rise season is now well underway,” she said. “There have been some increases in costs but we were not expecting the Big Six energy suppliers to react with such sudden price hikes.
“E.on, British Gas and EDF have all increased the cost of their Standard Variable Tariffs now, and it’s likely the rest of the Big Six will follow.”