Household Bills
Scottish Power follows competitors by cutting gas prices
Scottish Power has become the third big energy supplier to cut gas prices this year.
It will slash standard gas prices by 5.4% from 15 March. The company claims the reduction will save customers an average of £32 a year.
The cut follows a 5.3% reduction by SSE to standard gas prices effective from 28 March, and 5.1% by E.On from 1 February.
Experts have welcomed the price cuts but say they don’t go far enough.
uSwitch.com director of consumer policy, Ann Robinson, said: “Scottish Power is doing the right thing by following British Gas, E.ON and SSE with a price cut but – yet again – it falls well short of what customers have a right to expect.
“This is yet another demonstration that the energy market is broken. In a healthy, competitive market, drops in wholesale prices – which make up around half of bills – would be passed on. We should be seeing reductions of at least 10% on standard gas and electricity tariffs.
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“Instead of waiting around for token-gesture price cuts, big six standard plan customers should do their own price cut by switching to a cheaper fixed deal, saving more than £320 a year.”