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Energy savings 'not being passed on to consumers'

Energy suppliers have come forward with further bill reductions for consumers.

However, various price comparison websites have suggested that the move is 'too little too late'.

E.ON has just announced that its direct debt customers' bills will drop by £42 a year.

This comes shortly after Scottish and Southern Energy's confirmation that their customers will see a reduction in gas bills of around £30 a year.

Scott Byron, utilities manager at moneysupermarket.com, said "unfortunately this latest move does little to quash talk of providers not passing on savings in line with wholesale gas price falls".

Robert Hammond, energy expert from Consumer Focus, held a similar sentiment.

"Wholesale energy prices have been falling since 2008, yet our suppliers wait until the spring, when we obviously use our heating less, to pass on meagre price cuts - it is a model of how a competitive market shouldn't work," he said.

Customers who want to save more on their energy bills could make energy-saving improvements to their homes.

Insulating the loft of a semi-detached home could cut around £150 a year off the heating bills.

As it only costs around £300 to install, the insulations should pay for themselves within two to three years.

Posted by Emily Thomas

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