Gas and electricity Updated:
In welcome news for those struggling with energy bills, Scottish Power has announced plans to reduce its prices by an average of 3.3%.
This means the average dual fuel bill will be £1,284 per year, down from £1,325 following its initial 8.6% price rise in December, with the changes due to come into effect from 31 January. The firm has also revealed that there'll be a £12 rebate given to its customers to be paid in autumn 2014.
The reduction comes after the government announced changes to the various environmental and social levies that are paid through residential energy bills, with the much-anticipated announcement from Scottish Power meaning customers are no longer in the dark about what they're paying.
"ScottishPower has now become the fourth of the Big Six to pass on savings from the government's deal to cut green levies, permitting many consumers to breathe a little easier.
"Although this allows for a slight sigh of relief for many cash-strapped consumers, this will only take around £40 off the average dual bill. We urge customers to switch to the cheapest deal now before our heating goes into overdrive in the next month."
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