Delayed energy price cuts “an empty gesture”

Energy suppliers’ decision to delay their price reductions for up to three months will cost consumers an estimated £47mn, according to research by Citizens Advice. The organisation’s analysis, published on Wednesday 11 February, noted that E.ON UK was the only large supplier whose price cut had taken immediate effect, and that by contrast SSE customers would have to wait until 30 April before they received any savings. Citizens Advice chief executive Gillian Guy said: “The latest price cuts are an empty gesture by most suppliers. If energy companies really wanted to pass on savings to their customers they should have reduced prices further and immediately not leave households struggling over the coldest weeks. E.ON did cut bills straight away and others firms should do the same.”

By shopping around and taking advantage of the best energy deals on the market, millions of people can save around £200 – and some can save even more.

13.5 million households across the UK are missing out on their share of £2.7 billion by sticking with their energy company. By shopping around and taking advantage of the best energy deals on the market, millions of people can save around £200 – and some can save even more.