SSE has announced it will increase prices for some of its customers in line with Ofgem regulations following an investigation by the Competition and Markets Authority (CMA).
From 5 October the “vast majority” of customers with pay as you go meters and customers on the Energy Assist tariff will see their bills rise.
Typical dual fuel customers with standard pay as you go meters and customers on the Energy Assist tariff will see an average annual increase of £47 resulting in a typical annual bill of £1,135.
The safeguarding tariff price is based on a cap set by Ofgem and is reviewed every six months.
SSE said the price rise reflects an increase in the cost of supplying energy, which was acknowledged by industry regulator Ofgem in its statement regarding a change in the level of the vulnerable customers safeguard tariff cap.
Smart pay as you go customers will see the change automatically on 5 October while non-smart pay as you go customers will also be billed at the new prices on this date but their meter will display the old prices until their first top-up following the price change.
Customers on the Energy Assist tariff will see the change automatically on 5 October 2018.
The change will be the same regardless of payment method. There has been no change in the electricity standing charge.
SSE added it is writing to all affected customers to let them know how they are impacted and to explain the options available to them.
A number of suppliers have raised their tariffs recently because of the rise in wholesale energy costs.
Earlier this month green energy supplier Bulb indicated another price rise may be on the cards in November – which would be a third increase by the supplier within a year.
Scottish Power also announced it is increasing its standard variable tariff (SVT) for the second time this year.