Scottish & Southern electricity and gas price increase - Effective 1st March 2005

Hi All,
Just to let you know about a Scottish & Southern electricity gas price increase which is coming soon.

"Scottish & Southern has announced that it will increase residential gas and electricity prices for existing customers effective from 1st March 2005, excluding its 550,000 prepayment customers, who will see the increase 1st July 2005. They have led with the headline average increase of 6.7% for electricity (3.7% in the Scottish Hydro region) and 9.1% for domestic gas.

For an average domestic gas customer the increase equates to around £33 per year and for an average electricity customer it equates to around £17 per year. The last Scottish & Southern increase was in July 2004, 9% for gas and 3.7% (In area) for electricity – this was their only increase in 2004.

Atlantic Electricity and Gas customers will also see an increase – for the Atlantic Doorstep tariff, an average of 8% for electricity and 7.9% for gas. These prices have now been aligned with Scottish & Southern’s standard tariff. Atlantic Direct customers will see an increase of 15% for electricity and 5.7% for gas. Please see the Online grids for details."

This means that Powergen will soon be one of the cheapest energy suppliers in the market, which will lead to even more sales and an even higher conversion rate which currently stands at a very respectable 3.55% with most sales being dual sales.

I suggest we gear up for a real push from March 1st as who knows how long Powergen can keep its prices at this level when the trend in the energy market seems to be to increase prices.

Some other good news is that I had a very productive meeting with Powergen on Wednesday (16/2/05). I really pushed for you guys and have negotiated many good things for this Program which I will let you know about just as soon as I have them ready for you, so watch your email boxs and this space,

Kind regards,
Al