ScottishPower announced today that it is launching a new fixed-price energy plan, PriceSure, which will offer guaranteed prices until 31st January 2010 and will allow customers to save approximately 10% on current standard gas prices. The new product replaces the previous Discounted Energy Offer.

Under the PriceSure Energy Offer, customer prices are fixed until 31st January 2010. ScottishPower will contact customers again before the end of January 2010, giving them the opportunity to take advantage of new revised fixed prices until 31st January 2011.

Gerard Magee, head of marketing at ScottishPower, said: “Before Christmas we reduced prices for our most vulnerable customers by up to £211¹ when we launched our new social tariff. By launching PriceSure, our new fixed-price product, customers will have an opportunity to make savings of up to 10% on current standard gas prices. This is part of our long-term strategy to offer price savings where possible.

“In terms of our general prices, we are still monitoring the wholesale markets very closely. If we continue to see a sustained drop in wholesale energy costs then we will reduce prices as soon as we’re able.”

Notes to editors:

• ¹Annual saving of £211.53 shown is based on an average of ScottishPower’s Gas & Electricity Offer offline customers across Britain with annual mains gas usage of 20,500kWh and annual Standard Rate electricity usage of 3,300kWh, who pay quarterly (excluding prompt payer discounts) and switch to ScottishPower's Fresh Start Offer. Prices correct as at 1st January 2009.
• Further details on ScottishPower’s full range of tariffs can be found at www.scottishpower.co.uk

Media Information: Simon McMillan - 0141 566 4875 / 07753 622 257