Energy UK response to ICIS Power Index Q1
ICIS published its Power Index Q1 analysis. In response Energy UK said:
"Energy companies are bringing down their prices with cheaper tariffs launched almost every week. Since January 2014 the cheapest tariffs have fallen by around £200. There are now over 50 deals under £1,000 being offered by 37 suppliers operating in the market.
“Wholesale prices make up less than half of the average bill and the majority of the rest falls outside suppliers’ control so there will always be a difference between wholesale price falls and what customers actually pay.
“Suppliers are also making it quicker and easier for customers to find the tariff right for them. Almost 4 million customers switched supplier in 2015 and, currently, around 400,000 households are signing up to new deals every month.”