Energy Providers Slow to Pass On Savings From Falling Gas Prices
The Northern Echo › June 04, 2007
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Summary
WHEN homeowners gloomily contemplated rising mortgage rates at the start of the year, they had the consolation that household energy bills were expected to fall sharply again after a nightmare 2006 had produced an average price rise of 38 per cent for gas and electricity bills, with 13 price rises.
Five months on, home loan rates are rising, and could go higher still, but energy suppliers have been tardy in cutting prices, although wholesale gas prices are down 60 per cent from the peak of a year ago.See the full content of this document
Extract
Energy Providers Slow to Pass On Savings From Falling Gas Prices
"Bills rose by an average [pounds]277, or 38 per cent, since January 2006, while reductions so far in 2007 have chipped only [pounds]100 off the average bill, or 36 per cent of the pri...
See the full content of this document
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