This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-30978864
The article has changed 8 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| SSE to cut gas prices by 4.1% | SSE to cut gas prices by 4.1% |
| (20 minutes later) | |
| Energy company SSE has said it is cutting its domestic gas prices by 4.1% from 30 April, a move which will save the average household £28 a year. | Energy company SSE has said it is cutting its domestic gas prices by 4.1% from 30 April, a move which will save the average household £28 a year. |
| SSE is now the fifth of the "big six" energy firms to have reduced gas prices, following cuts from E.On, British Gas, Scottish Power and Npower. | SSE is now the fifth of the "big six" energy firms to have reduced gas prices, following cuts from E.On, British Gas, Scottish Power and Npower. |
| EDF is the only one of the big six yet to announce price cuts. | EDF is the only one of the big six yet to announce price cuts. |
| The moves follow a fall in wholesale gas prices of about 20% since the end of November. | The moves follow a fall in wholesale gas prices of about 20% since the end of November. |
| SSE also said it would extend its guarantee not to increase its gas and electricity prices until July 2016. | SSE also said it would extend its guarantee not to increase its gas and electricity prices until July 2016. |
| Steve Forbes, SSE's director of GB Domestic, said: "We were the only supplier to freeze prices and we promised we would cut them if we could; now we're delivering on that promise with an average £28 reduction in gas bills." | Steve Forbes, SSE's director of GB Domestic, said: "We were the only supplier to freeze prices and we promised we would cut them if we could; now we're delivering on that promise with an average £28 reduction in gas bills." |
| SSE, which has 8.7 million electricity and gas customers, said that wholesale energy costs now make up "less than half of the typical household energy bill". | SSE, which has 8.7 million electricity and gas customers, said that wholesale energy costs now make up "less than half of the typical household energy bill". |
| "There are significant other costs within energy bills, including those relating to government-sponsored environmental and social policies and the roll-out of smart meters." | "There are significant other costs within energy bills, including those relating to government-sponsored environmental and social policies and the roll-out of smart meters." |
| The UK's energy suppliers have been under intense pressure from politicians and consumer groups to respond more quickly to the recent large fall in oil prices and wholesale gas prices. | The UK's energy suppliers have been under intense pressure from politicians and consumer groups to respond more quickly to the recent large fall in oil prices and wholesale gas prices. |
| The industry is widely perceived as being quick to put prices up when costs rise, but very slow to reduce them when costs fall. | The industry is widely perceived as being quick to put prices up when costs rise, but very slow to reduce them when costs fall. |
| For that reason, the energy industry is undergoing a full scale inquiry from the Competition and Markets Authority (CMA) into the way it operates. | |
| The CMA inquiry is expected to report its provisional findings in May or June. |