With pressure mounting for energy companies to cut domestic prices, are they really going far enough?
Last week pressure mounted on the “Big Six” to decrease energy prices to a level that reflected the dropping wholesale cost. This week, in a welcomed move, E.ON became the first supplier to announce a headline grabbing 5.1% gas price cut. This will benefit the 2 million customers on E.ON’s Standard Tariff, but what does this really mean for the suppliers average customer? Across the board, medium usage customers will save an average of £32 per annum. For Dual Fuel customers on E.ON’s standard tariff, this is actually a 3% price drop from what they are currently paying for their energy.
Have your say. What do you think about E-on’s latest pricing adjustment for gas, down by just over 5%?