Let Battle Commence – Four Suppliers Join in Energy Price Fray Today

Released on: October 2, 2009, 10:08 am
Author: uSwitch.com
Industry: Energy

Today has officially been the busiest day of the year for energy price cuts with four suppliers announcing changes. The day started with E.ON knocking smaller rival First:Utility off the cheapest supplier spot by cutting its online prices by £19. But in a David and Goliath move, First:Utility hit back, cutting its online prices by £13 from £967 a year to £954 a year on average.

The move sees First:Utility back in place as Britain’s cheapest supplier, although E.ON’s plan is available countrywide while First:Utility’s plan is only available in 12 out of 14 energy regions.

ScottishPower also ventured into the fray, but its move was more cautious. It has cut its gas rates in 5 regions taking the annual bill on its Online Energy Saver 7 plan to £972 from £975.

The final moves of the day are on mainstream rather than online plans. EDF Energy has changed its direct debit discount for standard customers from a fixed annual discount to a 6% discount. This will cut bills for the average customer from £1,147 to £1,118. It is also cutting prices for gas only customers. These moves mean that EDF Energy now offers the cheapest dual fuel standard plan paying by monthly direct debit and is the cheapest gas only supplier.

Will Marples, energy expert at uSwitch.com, says: “Given the amount of speculation and debate about price cuts this week, these moves could be seen as a bit of a peace offering. They don’t have the impact of a full blown price cut, but in the run up to winter they will be welcome. Whether consumers will be completely appeased remains to be seen, but the key thing now is to move to one of these competitive plans to make sure you benefit from lower prices in time for winter.”

For more information please contact: Jo Ganly 0207 802 2915 / joganly@uswitch.com http://www.uswitch.com/

About uSwitch:
uSwitch.com is a free, impartial online and telephone-based comparison and switching service, helping consumers compare prices on gas, electricity, water, heating cover, home telephone, broadband, digital television, mobile phones, personal finance products and car insurance.