SSE announces energy price cut
SSE has become the latest of Britain's 'big six' utilities firms to announce an energy price cut, amid an ongoing slump in wholesale fuel prices.
The energy supplier announced last week that it would reduce household gas prices by 5.3 per cent - effective from March 29th - and it said the move would cut the average bill by £32. Wholesale costs are currently at their lowest level since 2010.
SSE's announcement followed a similar move by E.On, which announced its own gas price cut on January 20th. However, neither company have reduced electricity prices.
"SSE has taken a step in the right direction and I urge other suppliers to follow suit," said energy secretary Amber Rudd in a statement.
Energy firms have come under fire from consumer advocacy groups over their failure to pass on dramatic declines in wholesale fuel prices on to domestic and business consumers.