Scottish power - gas price cut

Scottish Power has announced it is to cut gas prices by an average of 8% from the end of March.
The company said its 1.6 million domestic gas customers would save an average of £66 a year on their bills.

In addition, 60,000 customers who have been identified as vulnerable and who heat their homes with electricity are to get a £50 rebate.

On Wednesday, EDF Energy said it was reducing its residential gas prices by 4%, the second cut in six months.

Energy suppliers have been criticised for not passing on cuts in wholesale oil and gas prices to customers.
Wholesale gas prices dropped sharply from February 2009, and domestic prices dropped in the spring.
Scottish Power's director of energy retail, Raymond Jack, said: "Typically, less than 60% of a bill is now based on wholesale costs.

"Investment, government obligations and the delivery of energy to the home make up a significant portion of our bills."

Npower - rate cut

npower has today reduced its gas prices across the following tariffs: Standard Juice National Trust Energy SOL4 SOL5 SOL6 Go Save.

They have also increased their discounts available to customers paying by direct debit (quarterly and monthly direct debit customers now receive the same discount). They have decreased the dual fuel element of the discount however and this means that the overall headline maximum discount available remains the same.

Energylinx has launched the prices across all it platforms with immediate effect, so new customers can benefit from the new prices immediately.

Existing customers and those in the process of switching will benefit from these prices on the 26th March 2010.

E.ON - March 2010

E.ON has today at 1030 announced a price cut of 6%** off its standard gas prices.

E.ON are quoted as saying that "Around 1.9 million residential gas customers will benefit from this gas price decrease of around £42 equivalent to 6%" Effectively what appears to be happening is that monthly direct debit customers are being offered a discount of £42 per annum.

At this stage however E.ON have not provided any additional information to any broker and are unable to provide revised pricing schedules. E.ON have stated that these should be distributed to all parties within the next few days. Until we have these revised schedules we cannot comment on the direct benefit to the consumer other than to acknowledge the fact of their statement.

E.ON FACTS • E.ON is one of the UK’s leading power and gas companies – generating and distributing electricity, and retailing power and gas – and is part of the E.ON group, one of the world's largest investor-owned power and gas companies;

E.ON has around 5.5 million customers in the UK;

E.ON previously reduced their energy prices by 9% for electricity on 31st March 2009 and by 3.3% for gas on 4th July 2009. ** Around 1.9 million residential gas customers will benefit from this gas price decrease of around £42 equivalent to 6%;