SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of June
SCOTTISH POWER PLC
(Translation of Registrants Name Into English)
CORPORATE OFFICE, 1 ATLANTIC QUAY, GLASGOW, G2 8SP
(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
Yes No X
(If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .)
FORM 6-K: TABLE OF CONTENTS
1. Notification by Scottish Power plc, dated June 22, 2006, of SPW to Raise Prices From July
SCOTTISHPOWER TO RAISE PRICES FROM JULY AS WHOLESALE COSTS CONTINUE TO SOAR ScottishPower today announced higher prices as a result of an 80% increase in wholesale energy costs over the last 12 months. From 10 July 2006, electricity prices will rise by an average 10%, while gas prices will increase by an average 17%. Even after the price increases, ScottishPower's standard Gas & Electricity Offer will remain cheaper than British Gas for the fourth year running. Willie MacDiarmid, ScottishPower's Director of Energy Retail, said: "As we indicated last month, wholesale energy costs continue to rise and are now a record 80% higher than this time last year. "We have absorbed most of the impact and our last price increase announced in February was one of the smallest in the sector. However we now need to pass on some of these increased wholesale energy costs". ScottishPower has also launched a new Capped Price Offer to shield customers from further increases until October 2008. Around one million of ScottishPower's 5.2 million customers will avoid the increase as they are already on a Capped Price Offer and switching now to the new offer will protect customers from any further rises for more than two years. Similarly, people paying by cheque can offset most of the increase by switching to Direct Debit, saving on average GBP 79 a year. Investors: David Ross Group Investor Relations Manager 0141 566 4853 Media: Colin McSeveny Director, Media Relations 0141 636 4515 Anthony Cardew Cardew Group 0207 930 0777 or 07770 720389 Rupert Pitman Cardew Group 0207 930 0777 or 07976 249289
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
/s/ Scottish Power plc | ||||
(Registrant) | ||||
Date: June 22, 2006 |
By: |
/s/ Donald McPherson | ||
Donald McPherson | ||||
Deputy Company Secretary |