Advertisement
UK markets close in 6 hours 16 minutes
  • FTSE 100

    8,094.47
    +54.09 (+0.67%)
     
  • FTSE 250

    19,727.80
    +8.43 (+0.04%)
     
  • AIM

    755.03
    +0.34 (+0.05%)
     
  • GBP/EUR

    1.1671
    +0.0026 (+0.22%)
     
  • GBP/USD

    1.2520
    +0.0057 (+0.46%)
     
  • Bitcoin GBP

    51,181.30
    -1,863.88 (-3.51%)
     
  • CMC Crypto 200

    1,359.83
    -22.74 (-1.65%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • CRUDE OIL

    82.89
    +0.08 (+0.10%)
     
  • GOLD FUTURES

    2,339.70
    +1.30 (+0.06%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     
  • DAX

    17,994.58
    -94.12 (-0.52%)
     
  • CAC 40

    8,056.87
    -34.99 (-0.43%)
     

Scottish Power becomes third UK firm to raise energy prices

LONDON, April 20 (Reuters) - Scottish Power will raise its standard variable domestic gas and electricity prices in Britain by an average of 5.5 percent from June 1, becoming the third firm to announce an increase this month.

The move will affect around a third of homes supplied by Scottish Power (around 960,000), Iberdrola (Amsterdam: ID6.AS - news) -owned Scottish Power said.

"The price change follows rising wholesale energy costs and compulsory non-energy costs, such as delivering low-carbon electricity and upgrading meters," the firm said in a statement.

The move follows similar announcements by Centrica (Frankfurt: A0DK6K - news) -owned British Gas and EDF Energy. (Reporting by Nina Chestney Editing by Hugh Lawson)