Gas and electricity Updated:
In the last few days two more energy providers have confirmed they'll be lowering their prices in response to the Government's changes to green levies, with both SSE and Npower passing on savings to customers.
SSE has said prices will be reduced by an average of 3.5% for dual fuel energy customers while Npower has promised to cut bills by 2.6%, with the changes coming into effect in March and February respectively.
Both reductions will see around £50 knocked off the average duel fuel bill with those on fixed tariffs also benefiting from the reduction, while Npower's electricity-only customers will receive a £12 rebate in the autumn.
However, these price cuts come after both providers initially raised their tariffs. SSE's 8.2% hike came into effect in November while Npower implemented a whopping 10.4% rise in December, so although the reductions will have a marginally positive impact on bills it won't be enough to offset the rise.
It means customers will still be paying more than they were this time last year, and according to many insiders the price cuts are too little, too late. Customers are therefore being urged to check their tariff to ensure they're not paying more than they need to be.
"February is expected to be a bitterly cold month with temperatures expected to plummet as a polar high pressure could be coming our way then.
"Now that the big six have all shown their hand, we urge customers to switch to the cheapest deal now before our heating goes into overdrive in February. Savvy consumers should avoid standard tariffs as these are usually £100 - £200 more and offer no price protection."
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* Saving calculated against an average bill £1,323 as declared by Energyhelpline, 2014
All calculations are for an average usage dual fuel household paying by monthly direct debit. Average usage as defined by OFGEM is 13,500 kWh pa of gas and 3,200 kWh pa of electricity
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