New gas bill cuts 'not substantial enough'
Posted by on 5th March 2010 to Debt News
New cuts to gas bills announced by energy companies will not make any difference to the average customer, claimed one finance expert.
Yesterday (March 4th) Scottish and Southern Energy (SSE) announced a four per cent price cut on bills for its customers, following on from British Gas's seven per cent price slash last month.
The moves may have been provoked by recent criticisms by the energy regulator that customers were facing increasing levels of fuel debts, while suppliers enjoyed larger profit margins.
Scott Byrom, utilities manager at moneysupermarket.com, said that the savings would only amount to around £2.50 a month for SSE customers.
This means that customers on standard credit or direct debit tariffs will only see their bills drop by £30 a year, while pre-payment customers will benefit the most with a £70 drop.
Instead, he advised customers to make the move to a cheaper tariff while they can.
"Gas bills are at a 10 year high so I would advise bill payers not to hang about - you may not see the substantial price cuts you hope for any time soon so look for the best energy deal for your consumption and region," Mr Byrom said.
Posted by Clement Moine
Debt Free Helpline offer debt management plans as well as a range of other debt solutions. If you are worried about debt, contact one of our trained debt advisers today.
Yesterday (March 4th) Scottish and Southern Energy (SSE) announced a four per cent price cut on bills for its customers, following on from British Gas's seven per cent price slash last month.
The moves may have been provoked by recent criticisms by the energy regulator that customers were facing increasing levels of fuel debts, while suppliers enjoyed larger profit margins.
Scott Byrom, utilities manager at moneysupermarket.com, said that the savings would only amount to around £2.50 a month for SSE customers.
This means that customers on standard credit or direct debit tariffs will only see their bills drop by £30 a year, while pre-payment customers will benefit the most with a £70 drop.
Instead, he advised customers to make the move to a cheaper tariff while they can.
"Gas bills are at a 10 year high so I would advise bill payers not to hang about - you may not see the substantial price cuts you hope for any time soon so look for the best energy deal for your consumption and region," Mr Byrom said.
Posted by Clement Moine
Debt Free Helpline offer debt management plans as well as a range of other debt solutions. If you are worried about debt, contact one of our trained debt advisers today.
