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Gocompare.com comments on SSE's price freeze

26 March 2014

SSE, the energy supplier whose brands include Swalec, Southern Electric, Scottish Hydro and Atlantic, has announced that it will freeze current domestic gas and electricity prices until 2016. Jeremy Cryer, Gocompare.com's energy spokesperson, said of the announcement:

"The fact that the country's second biggest energy supplier has committed to a prize freeze is to be welcomed, as millions of people will at least be able to avoid paying more for their gas and electricity for the next two years. However, it's important to remember that SSE was the first big six supplier to increase its prices in October last year, hiking costs by 8.2%, or the equivalent of 4.5% now that the government's levy cuts have been implemented. As such, many of SSE's customers will already be paying more than they had been previously.

"It's also important that existing or would-be SSE customers aren't seduced by these price freeze announcements - if costs are held when they're already expensive, it just means they will remain expensive. There are lots of long term fixed tariffs available at the moment which would allow people to fix their gas and electricity costs well into 2016, 2017 and even 2018, so the main thing is to shop around for the best tariff for you and switch if necessary.

"Once one energy supplier announces a price hike, the others follow with grim inevitability, so we hope they will follow SSE's lead again, but this time for the benefit of the millions of households for whom energy costs are becoming an increasing concern."

Top five two-year plus fixed rate deals - based on dual fuel, paying by monthly direct debit, using 13,500 kWh gas and 3,200 kWh electricity per year

Supplier

Tariff

Average annual cost

Fix period

Ovo Energy

Cheaper Energy

£1,091

June 30 2016

Green Star Energy

No Worries 24 Months Fixed version 1403 paperless

£1,103

24 months

First Utility

iSave Fixed v16 April 2016

£1,115

April 30 2016

First Utility

iSave Fixed v17 April 2017

£1,177

April 30 2017

SSE

Fixed Price March 2017

£1,186

March 31 2017



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