Energy firm to cut bills
Energy provider Scottish and Southern Energy (SSE) has announced plans to cut bills, saving the average household £28 each year.
From April 30th, SSE customers will see their bills cut by 4.1 per cent following a fall of around 20 per cent in wholesale gas prices since November. Four other firms have also confirmed they'll cut bills, leaving EDF as the only one of the Big Six not to have announced a reduction.
"We were the only supplier to freeze prices and we promised we would cut them if we could; now we're delivering on that promise with an average £28 reduction in gas bills," said SSE's director of GB Domestic Steve Forbes.
In addition, SSE - which has 8.7 million customers - says it will not increase its gas and electricity prices until July 2016 at the earliest.
The Competition and Markets Authority is currently conducting an inquiry into the way the British retail energy market operates and is expected to release its provisional findings by June.