Latest news 26 May 2010
Energy bills could fall due to healthy trading by the main suppliers, it has been suggested.
According to price comparison site uSwitch, energy price cuts are “still on the agenda” following the news that Scottish and Southern Energy reported an eight per cent increase in Generation and Supply operation profits.
Earlier this year, British Gas Residential also reported a substantial increase in profits, while other companies have also registered improved trading conditions.
Ann Robinson, director of consumer policy at uSwitch.com, commented: “Talk of an increase in household energy prices this year is premature at best and misleading at worst.
“The fact is that the big six suppliers are still seeing healthy profits and have benefitted from low wholesale prices for the last couple of years. This means they could be well-placed to cut their prices again in 2010, which is great news for consumers.”
According to the website, the average annual household energy bill is
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