Energy UK's response to suppliers being asked to lower bills
Energy UK has issued a statement in response to energy suppliers being asked to lower bills.
Energy UK said:
“Energy companies are bringing down prices and competition is forcing tariffs to new lows practically every week. Companies keep in contact with DECC but, in a highly competitive market, decisions about prices are a matter for individual suppliers. There are many deals available which are around £130 cheaper than this time last year. Anyone shopping around today can find around 50 deals under £1,000 compared to only a handful at the same time last year. There are also many more suppliers to choose from with over 25 suppliers offering a range of tariffs to households. Some suppliers bought their energy supplies many months in advance and it takes time for cuts to work through to bills.”