Ready the field for real energy price war

11 April 2007
Over 60 per cent of electricity customers and nearly 40 per cent of gas customers in the UK are still waiting for the promised price cuts from providers, a report in the Financial Times claims.

While commentators widely predicted a price war between all six main energy suppliers, only Scottish and Southern Energy and British Gas have passed on wholesale price reductions to customers to date, the report claims.

When British Gas announced its price cuts in February 2007, it was the first provider to have made such a move in many years.

But "a real price war has not started", energywatch spokesperson Adam Scorer told the paper.

"The combatants haven't even taken to the field yet," he added, emphasising that EDF Energy and Scottish Power have merely stated that their pricing plans are "under review".

However, npower and Powergen have both lined price cuts up for implementation at the end of April.

energywatch data shows that once npower and Powergen have introduced their cuts, EDF Energy will be the most expensive gas supplier, while British Gas will be the dearest electricity provider.

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