Scottish Power has become the third Big Six energy provider in ten days to announce a price hike, increasing its standard variable gas and electricity prices from 1 June. Dual fuel direct debit customers will see annual bills increase by an average of 5.5%, or £63.
MoneySavingExpert.com founder Martin Lewis said: "Here we go again, another energy company bleating like a sheep. British Gas set the lead and now, knowing they won't get smacked with the same level of publicity whether or not it's justified, we see the rest following along.
"But yet again, what Scottish Power customers and indeed customers of all big six energy companies need to know is that they are ripping themselves off by staying on a standard tariff.
"The do-somethings get better deals than the do-nothings. Someone on typical use could cut bills by around £300 a year with just five minutes work.
"There's no point spitting and swearing about energy companies taking us for a ride if we're getting on the bus.
"Do a comparison, find yourself a cheaper deal - that's the best way to stick two fingers up to them.”
For full details, visit the MSE news story.
About Martin Lewis: Martin Lewis OBE, Money Saving Expert, is the journalist and consumer campaigner who created MoneySavingExpert.comand is now the site’s Executive Chair. Martin also founded and chairs the Money and Mental Health Policy Institute charity.
He’s the UK’s most-googled man, Citizens Advice’s Consumer Champion of the Year, and has spearheaded major financial justice campaigns including bank charges reclaiming (over seven million template letters downloaded), PPI reclaiming (over six million) and a successful large-scale campaign to get financial education in schools. He has his own prime-time ITV programme, The Martin Lewis Money Show, as well as a range of other regular media slots. He was appointed OBE in the Queen’s Birthday Honours in June 2014.
About MoneySavingExpert.com: MoneySavingExpert.com is dedicated to cutting consumers’ bills and fighting their corner. The free-to-use consumer finance help resource aims to show people how to save money on anything and everything, and campaigns for financial justice. It was set up in 2003 for just £100, and its free-to-use, ethical stance quickly made it the UK’s biggest independent money website, according to internet ranking site Alexa.com, and the number one ‘Business and Finance – Business Information’ site, according to Hitwise. It has more than 12 million people opted-in to receive the weekly MSE’s Money Tips email, and more than 16 million unique monthly site users who visit more than 28 million times a month. In September 2012, it joined the MoneySupermarket.com Group PLC.