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02/12/2013
Energy Firms To Cut Fuel Bills
A number of major energy firms have said they plan to cut fuel bills, following a series of new measures from the government.
Over the weekend, Centrica, which owns British Gas, said it would cut bills by £53 in January 2014 – two months after it increased its prices by £123 for the average dual-fuel customer.
SSE confirmed it too would pass on savings to its customers of around £50 by April 2014, while Npower said it would implement a conditional price freeze until 2015. It explained that it wold not increase its prices until 2015 unless wholesale costs increased. The firm had introduced a planned price rise of 10.4% over the weekend, but said it would be reduced, once it has worked out how much changes to government policy would save it.
The move by the firms comes as the UK government said it would make changes to customers' energy bills. Yet overall prices are still rising for most energy customers over the winter period.
The other 'big six' companies include EDF and E.On.
In a statement, EDF suggested it would not increase its prices again before 2015. Last month, it announced a 3.9% price rise, which will take effect in January.
E.On, which has not announced a price rise yet this winter, said that the government changes would mean prices would not be as high as they could have been.
Currently, the average dual fuel bill for households is £1,340.
(JP/CD)
Over the weekend, Centrica, which owns British Gas, said it would cut bills by £53 in January 2014 – two months after it increased its prices by £123 for the average dual-fuel customer.
SSE confirmed it too would pass on savings to its customers of around £50 by April 2014, while Npower said it would implement a conditional price freeze until 2015. It explained that it wold not increase its prices until 2015 unless wholesale costs increased. The firm had introduced a planned price rise of 10.4% over the weekend, but said it would be reduced, once it has worked out how much changes to government policy would save it.
The move by the firms comes as the UK government said it would make changes to customers' energy bills. Yet overall prices are still rising for most energy customers over the winter period.
The other 'big six' companies include EDF and E.On.
In a statement, EDF suggested it would not increase its prices again before 2015. Last month, it announced a 3.9% price rise, which will take effect in January.
E.On, which has not announced a price rise yet this winter, said that the government changes would mean prices would not be as high as they could have been.
Currently, the average dual fuel bill for households is £1,340.
(JP/CD)
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27 July 2006
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Energy bills set to rise again
British Gas owner Centrica has announced plans to increase energy bills from September. Centrica announced that gas bills would increase by 12.4%, while electricity bills would rise by 9.4%. British Gas blamed the "unprecedented" rise in the cost of wholesale energy costs for the latest rise.
12 October 2010
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According to the Office for National Statistics (ONS), UK Consumer Prices Index (CPI) inflation remained unchanged at 3.1% in September. Including a higher proportion of housing costs, the Retail Prices Index (RPI), fell back slightly to 4.6%.
03 February 2015
Energy Prices Could Have Been Reduced Sooner - Which?
Energy bills could have been cut further and sooner, according to new research. A report by Which? revealed the failure of retail prices to align with wholesale costs has cost consumers £2.9bn over the last year, an equivalent of £145 per household on standard energy tariffs. The recent cuts in Big Six standard gas tariffs of up to 5.
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Energy bills could have been cut further and sooner, according to new research. A report by Which? revealed the failure of retail prices to align with wholesale costs has cost consumers £2.9bn over the last year, an equivalent of £145 per household on standard energy tariffs. The recent cuts in Big Six standard gas tariffs of up to 5.
07 December 2009
Gas Suppliers Warned On Bills
A UK energy regulator has warned gas suppliers that prices charged to households must come down if the price of wholesale gas continues to fall. The regulator, Ofgem, said companies must not "use investment as a shameful excuse to overcharge consumers" and bills must come down in the New Year to avoid the customer losing out.
Gas Suppliers Warned On Bills
A UK energy regulator has warned gas suppliers that prices charged to households must come down if the price of wholesale gas continues to fall. The regulator, Ofgem, said companies must not "use investment as a shameful excuse to overcharge consumers" and bills must come down in the New Year to avoid the customer losing out.
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