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17 January 2012: All major suppliers have now announced price cuts
All of the Big Six energy suppliers have now announced their price cuts for consumers.
Following on from EDF, British Gas, and SSE’s cuts which were all announced last week, the other Big Six energy suppliers have now followed suit, announcing similar price drops that will greatly benefit the price-conscious public.
npower announced last Friday a 5% reduction to their gas prices which will take effect from the 1st of February. e.on has also announced a price drop of 6% for electricity customers, coming into effect on February 27.
The last of the Big Six to reduce their tariffs, matching npower’s 5% price reduction for gas prices, is Scottish Power, who announced this week the discount which will apply from February 27.
These reductions follow on from earlier announcements by EDF of a 5% drop in gas prices, British Gas slashing 5% from their electricity charges, and SSE cutting 3.8% from their gas prices.
These recent price drops mean that the typical household energy bill for dual-fuel customers has now dropped 2-3% to £1,163 a year when averaged between the Big Six suppliers.
While these price cuts are good news for consumers, they are very small and come nowhere near wiping out the 21% rises of the last 18 months. If you want to get a good price cut typically you need to switch to a special deal through a price comparison service like ourselves at energyhelpline.
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