Scottish power stock market

Friday 10 February Scottish Power blamed increasing wholesale energy prices for the 7.

The increases have come despite warnings from energy regulator Ofgem that there is no reason for price rises this early. The run of hikes has prompted calls by the shadow chancellor, John McDonnell, for a price cap. The prices take effect for households on standard variable tariffs from 31 March, a few weeks after the npower and EDF rises.

A spokeswoman on Friday said: British Gas customers will enjoy a reprieve from the price hikes, the first increases in three years. Martin Lewis, founder of finance site MoneySavingExpert. The increases will add pressure on the government to take a more interventionist stance on the energy market, as Theresa May and business secretary Greg Clark had previously indicated they were considering.

Jefferies, the investment bank, said this week that the tariff rises meant there was an increased chance the government could intervene in the market.

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This article is 4 months old. Price rises graph The increases have come despite warnings from energy regulator Ofgem that there is no reason for price rises this early.

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Scottish Power - Wikipedia

Please keep comments respectful and abide by the community guidelines. Theresa May to promise price cap on energy bills in Tory manifesto. Policy marks a shift towards a more interventionist approach and is likely to draw fierce criticism from other parties.

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British Gas owner warns Tory energy price cap could push up prices. Centrica reports it lost , customers in first quarter — which puts it on course to losing 1 million this year.

Cross-party group will call for action to protect consumers after a series of price increases by gas and electricity companies.

SNP Plans Second Scottish Independence Referendum | Investopedia

We need to cap variable tariffs. How free market helped big six energy firms to rack up huge profits. The Guardian back to top.