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Scottish Power cuts prices for standard tariff customers | Scottish Power cuts prices for standard tariff customers |
(about 1 hour later) | |
Scottish Power has become the fourth energy supplier to announce a cut in tariffs, following changes announced by the government. | |
It says customers on a standard dual fuel tariff will see a reduction of £54 on their annual bill from 31 January. | It says customers on a standard dual fuel tariff will see a reduction of £54 on their annual bill from 31 January. |
The cut of 3.3% will only partly off-set a price rise of 8.6% which came into force in December 2013. | The cut of 3.3% will only partly off-set a price rise of 8.6% which came into force in December 2013. |
The company said the reduction will not apply to most customers who are on fixed rate tariffs. | The company said the reduction will not apply to most customers who are on fixed rate tariffs. |
However, it said that 97% of such customers are already paying less than those on standard tariffs. | However, it said that 97% of such customers are already paying less than those on standard tariffs. |
The savings are in line with government changes to green levies, which were designed to lower fuel bills. | The savings are in line with government changes to green levies, which were designed to lower fuel bills. |
So far British Gas and SSE have announced that price cuts will apply to all their customers, whatever their tariff. | So far British Gas and SSE have announced that price cuts will apply to all their customers, whatever their tariff. |
SSE has said it will cut prices by around 4% from the beginning of April, although it has not yet announced the details. | |
But EDF and E.On, like Scottish Power, have applied price reductions only to those on standard, or variable, rates. | |
Npower has said it is still reviewing its prices, after increasing them by 10.4% in the autumn of 2013. | |
The price comparison website MoneySuperMarket.com has called on energy suppliers to follow the example of British Gas and SSE, and cut all their tariffs. |
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