Alarm Over Power Bills ; Fears As Spaniards Buy Out Scottish Energy Giant

Summary

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SCOTS households face soaring energy bills after the country ' s largest power company agreed to be taken over by a Spanish rival.

ScottishPower yesterday sealed an Pounds 11.6billion deal that would see it swallowed up by Iberdrola a company with a reputation for demanding price increases.

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Alarm Over Power Bills ; Fears As Spaniards Buy Out Scottish Energy Giant

ScottishPower's 1.1million domestic customers have already seen their gas bills almost double since 2003, with electricity going up by more than 50 per cent.

But with Iberdrola keen to cash in on the UK energy market, there were warnings last night that more rises w...

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