April 20, 2018 / 10:20 AM / 8 months ago

FACTBOX-Energy price changes by utilities in Britain

April 20 (Reuters) - Some of Britain’s biggest energy companies have announced price increases this year, citing higher wholesale prices and the cost of government policies to support renewable energy generation.

More are expected to follow suit and the moves come after similar rises last year.

Britain’s dominant energy companies have been under scrutiny by the government, which is putting a price cap on standard variable tariffs to combat what it has called “rip off” energy prices.

Below are tariff changes so far this year (in alphabetical order):

BRITISH GAS

Centrica-owned British Gas is increasing its standard variable tariff for electricity and gas by an average of 5.5 percent from May 29.

The move will add 60 pounds ($85) to annual bills for 4.1 million customers on the tariff, raising them to an average of 1,161 pounds, the company said.

EDF ENERGY

EDF Energy, a unit of French utility EDF, said it will increase the cost of its standard dual fuel energy bills by 1.4 percent (or 16 pounds) to 1,158 pounds a year from June 7.

SCOTTISH POWER

Iberdrola-owned Scottish Power said it will raise standard variable domestic gas and electricity prices from June 1 by an average 5.5 percent, or 63 pounds on a typical annual dual fuel bill.

The move will affect around a third of homes supplied by Scottish Power (aorund 960,000).

$1 = 0.7064 pounds Reporting by Nina Chestney; editing by Jason Neely

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