Darling warns energy firms to 'drop prices'

Switch for the chance to WIN!

Switch before July 31st for the chance to win an Amazon Echo Show.
T&Cs apply, details here https://switch.ukpower.co.uk/june-promo

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 1 Jan 2018 and 30 Jun 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £482 or more.

Alistair Darling has threatened energy companies with legislation if they do not work to bring down rising energy prices.

In his pre-budget report, the chancellor said UK energy firms need to reduce bills in line with falling wholesale prices.

Mr Darling also announced that energy regulator Ofgem is to monitor any price changes and publish reports on a quarterly basis, which would demonstrate the price being paid by the firms and the cost passed on to the consumer.

The Chancellor said: "If sufficient progress is not made in the next few months in closing unfair gaps in pricing between payment methods, the government will use statutory powers to end unjustifiable pricing differentials."

Jane Gatiss, PR manager for eaga, which manages the government's energy efficiency Warm Front scheme, recently said that fuel poverty remains a rising problem in the UK, which affects an estimated 5.4 million households.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.


Found this page interesting?

Help spread the word and share this page with your friends and family on your social networks.

Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more