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Fuelling all the people, all the time; SSE to offer customers 4.1 per cent saving

Kit Klarenberg
Written By:
Kit Klarenberg
Posted:
Updated:
27/01/2015

Energy company SSE yesterday became the fifth member of the ‘Big Six’ energy suppliers to cut standard gas prices this year.

As of April 30th, customers currently on variable dual-fuel and gas-only tariffs will see their bills reduced by 4.1 per cent; the company estimates that the cut will reduce average annual bills by at least £28.

The impetus for this industry-wide trend is a fall in wholesale gas rates; prices have fallen by as much as 20 per cent over the past year, although the reductions extended to consumers are far smaller, and differ depending on the supplier.

The table below outlines the varying reductions offered, and when these discounts come into effect.

YMoney.Table.27.1.15

This leaves EDF as the final constituent of the UK’s energy giant sextet yet to offer a reduction, although it is highly likely they will soon follow.

While SSE customers have cause for mild celebration, the move has not been universally welcomed by industry commentators.

“It’s disappointing that SSE has not reduced its prices further or sooner,” Ann Robinson, director of consumer policy at comparison site uSwitch.com, said.

“Energy companies need to take greater steps forward, rather than simply pointing their toes in the right direction.”

Stephen Murray, of Moneysupermarket, said: “SSE has disappointed by not only passing a meagre cut in the price of gas, but failing to pass on this benefit to customers for another three months”.

For more information on how you can reduce your gas bills, please visit the Your Money guides ‘Six apps and gadgets that will cut your energy bills‘, and ‘Ten ways to reduce your energy bills‘.