Jeremy Cryer, energy spokesperson at Gocompare.com, said of today’s energy bill cuts: “While any reduction in people’s energy bills is a good thing, today’s announcement is merely a tiny step in the right direction and there is still much more that needs to be done. Shaving £50 a year – or 96p a week – off people’s bills when prices have already increased by £105.50**, still amounts to bills that are £55 a year more expensive, on average, than they were pre-winter 2013.
“Even though some providers have promised not to raise prices again until 2015, this comes with the caveat that if wholesale energy prices go up, so too will people’s bills. So while government intervention is an important part of taking control of the cost of energy, it’s also vital that householders take responsibility for ensuring that they are on the best tariff for them. Many people have already opted for fixed deals that protect them against price rises for two, three, or even four winters to come, and these tariffs won’t be affected by changes to wholesale energy prices.”
Notes to editors:
* Based on average bill reduction of £50 - £50/52 weeks = 0.96p
** Average of increases revealed by five of the UK’s big six energy suppliers since 10 October 2013.