Scottish Power confirms price cuts - Gas and electricity - News - Moneyfacts

News

Scottish Power confirms price cuts

Scottish Power confirms price cuts

Category: Gas and electricity

Updated: 06/01/2014
First Published: 06/01/2014

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

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.

Mark Todd, director of price comparison site energyhelpline.com, comments on the news:

"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."

What Next?

Are you on the right tariff? Compare energy prices and switch today - you could save up to £370

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

British Gas freezes standard energy tariffs

British Gas has announced that it’s freezing its standard gas and electricity tariffs for the winter, ensuring that customers needn’t worry about price rises in the chilly months ahead. But is that enough to ensure households aren’t paying too much?

Living in a new home could cut fuel bills by half

Older homes will always be slightly more expensive to heat, with less insulation and sneaky draughts making these character-filled homes harder to heat efficiently. But did you know just how much more this could cost you? It could be double…

Standard energy tariffs are “fundamentally unfair”

We all know how expensive energy bills can be, particularly at this time of year when we’re all turning the thermostat up a notch. But what if you’re paying even more than you should be? If you’re on a standard tariff, that’s a very real possibility.
 
Close