Tuesday, 6 December 2011

As energy costs fall, suppliers face pressure to cut our bills

Energy companies are under pressure to cut prices  following significant falls in the wholesale cost of gas and electricity.

Unusually warm weather and the lack of demand from industrial customers as the economy falters have created a glut of cheap power.

The fall in wholesale prices kicked in at the end of August – which is exactly the same time that Britain's 'Big Six' energy firms began a new round of price hikes.

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