Watchdog wants bills cut in winter

A consumer watchdog has stated that energy bills must be cut by the UK’s energy giants for the winter, stating that the fall in oil prices over recent months warrants a fall in energy prices.

Both the government and consumer campaigners have said that energy companies need to start reducing the cost of gas and electricity usage over the coming weeks, as the cost per barrel of oil has fallen by close to 50% since the summer. Petrol companies have already slashed petrol prices since the price of oil came down, although the price cuts did take some time to filter through. Read more

Tags: energy bills, electricity, wholesale price rises, affordable prices, energy companies