The Glasgow-based supplier is to increase its standard domestic gas and electricity prices from 31 March 2017 following rises in energy wholesale markets and compulsory non-energy costs.
These include costs for decarbonising electricity generation and the upgrade to smart meters.
- Dual fuel prices will increase by an average of 7.8%.
- Electricity prices will increase by an average of 10.8%
- Gas prices will rise by an average of 4.7%.
Pre-payment customers are not affected by this announcement, but they will see separate changes as the CMA price cap is implemented.
Colin McNeill, Scottish Power’s Retail Director, said: “This price change follows months of cost increases that have already led to significant rises in fixed price products that now unfortunately have to be reflected in standard prices.
“This increase will apply to one in three of our customers, and we continue to work hard to move even more customers to our fixed price deals. We will be writing to all those affected, outlining the changes we can attract, nurture and retain talented people for the long-term benefit of our business and encouraging more loyal customers to move to a deal that best suits them.”
Energy training and education opportunities
Scottish Power has come together with the other energy suppliers in the Energy & Utilities Skills Partnership to launch its first Workforce Renewal and Skills Strategy for the sector.
The Energy & Utilities Skills Partnership has already started to take action by committing to a new 12-month Talent Source Network pilot programme that seeks to encourage people into industry careers and develop a significant future sector talent pool.
Keith Anderson, Chief Executive of Scottish Power, said “As many as four out of five workers in the energy sector are set to retire over the next 15 years, which comes as Scottish Power is looking to deliver the most important upgrades to the electricity network in over half a century.
“We’re pleased to play our part in the Energy & Utilities Skills Partnership, which drives excellence by bringing employers, skills organisations and stakeholders together. By working closely in partnership,
- The Scottish Power Foundation is calling on undergraduates keen to progress their careers in the energy and environment industry to apply for its Masters Scholarships programme as it announces 28 new grants will be awarded for the 2017-18 academic year.
Students from a range of disciplines will be considered, including those looking to study renewable and sustainable energy systems, clean combustion technologies, electric vehicles, and smart distribution networks.
Scholarship will be available at a number of British universities in Glasgow, Edinburgh, London and Cambridge.