Many 'Big Six' suppliers to cut bills under new government measures

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A number of major energy suppliers have unveiled plans to pass on savings to their customers following the government announcing a number of new measures.

Chancellor George Osborne unveiled the plans to save up to £50 on energy bills per household on the Andrew Marr show.

On the BBC One show, he said: "This will help families... We've been in discussions with the energy companies.

"There's going to be an average of £50 off people's bills... We are absolutely insistent that this is going to be brought in."

Of the 'Big Six' firms, British Gas parent company, Centrica, has announced it will reduce its energy bills by £53 in January, although it only revealed a £123 price hike two months ago.

SSE also said it would look to pass on a saving of £50 to its customers and npower confirmed plans for a conditional price freeze until 2015.

EDF has indicated it may make a similar delay in price rises to npower, holding out on any further increases until 2015.

Under the new proposals, set to be revealed on Thursday (Dec 5) in its Autumn Statement, the government will confirm a number of subsidies for those deemed to struggling with fuel poverty will be moved to general taxation. It will also look to slow down a number of its green energy targets.

These savings will be helped by the planned reduction in the Energy Companies Obligation (ECO) scheme, instead of subsidies the measures will instead be paid for by a tax-funded programme of £500m.

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