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UK: Big six urged to cut energy bills

By  |  June 2, 2015

Energy firms are facing increased pressure from the Government to pass on a fall in wholesale costs to consumers by slashing household bills.

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    Amber Rudd, the Energy and Climate Change Secretary, has written to the Big Six energy companies asking them to alter their prices now a pre-election pledge by Labour to impose a freeze was off the table. The latest analysis by regulator Ofgem found firms could increase their profit margins.

    The Competition and Markets Authority is currently undertaking a wide-ranging probe into the energy market to see if customers are being unfairly treated by the UK’s dominant big six energy suppliers.

    Full content: BBC News

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