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Scottish and Southern Energy became the last of the UK's major energy suppliers to raise its prices with a 14.2 per cent hike in electricity 15.8 per cent increase in gas.
The company blamed higher wholesale prices for the move. According to Scottish & Southern Energy (SSE), electricity costs have risen 90 per cent and gas 100 per cent from February 2007.
Bills for the company's 8.5 million existing customers will rise from April 1st.
Alistair Phillips-Davies, energy supply director of SSE, said: "Energy supply in the UK is changing dramatically, with companies having to operate in volatile markets, which reflect depletion of North Sea oil and gas fields, soaring global demand for all types of energy and over $100 a barrel for oil. Wholesale energy prices have been stubbornly high.
"These pressures are compounded by the rising transmission, distribution and environmental costs which suppliers have to meet."
E.ON followed British Gas and N.Power in raising its energy prices in February. SSE said it withheld price increases until April, when temperatures rise and customers use less gas.
Price comparison site uSwitch.com estimated the price hike will take the annual fuel bill for an SSE customer to £1,006.
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