February 28, 2017 / 9:30 AM / 3 years ago

Britain's SSE to raise electricity price for half its prepayment customers

(Reuters) - SSE (SSE.L), one of Britain’s Big Six energy suppliers, will raise prices for half of its electricity prepayment customers by 3 percent on average from April while lowering tariffs by an average of 2 percent for the other half, it said on Tuesday.

Differences between meter types used as well as regional price differences explain why some customers face a price rise while others qualify for a cut, a company spokeswoman.

SSE said its prepayment gas customers are in store for a 13 percent reduction.

A cap on prices for prepayment meter customers is being introduced as part of new rules set by UK energy regulator Ofgem.

SSE’s move follows recent, although non-prepayment related, gas and electricity price increases announced by Scottish Power, Innogy-owned (IGY.DE) Npower, and EDF Energy, the UK arm of France’s EDF (EDF.PA).

Reporting by Oleg Vukmanovic in Milan; editing by Jason Neely and Louise Heavens

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