Domestic Energy Price Cuts 2012 - update

2012 Gas Prices and Electricity Prices Update History

Energy prices have been updated to 17 January 2012. Price updates are shown below as and when they arise.

Make sure you compare prices using our online energy comparison site to switch to the cheapest supplier.http://www.getmecheapbills.com/

Supplier & Date
Description
17 January 2012
E.ON has announced the relaunch of E.ON Track and Save 11. This tariff was taken off the market on 12 January and is today relaunching with the same features but revised tariff rates.

16 January 2012
E.ON has announced a reduction of 6% on their standard electricity prices. The decrease, which equates to £31 off the average annual bill, will take effect from Monday 27th February 2012. E.ON claim that 75% of its customers will benefit and that customers on fixed deals will be able to change to another E.ON tariff for free if they wish.
Note: The new prices are not yet available and will be updated when received.

13 January 2012
npower have announced a price decrease effective Wednesday 1 February 2012 of 5% on their standard, capped and prepayment gas tariffs. There are no changes to their electricity prices.
Note: The new prices are not yet available and will be updated when received.

13 January 2012
Scottish Power have launched a new tariff, Online Fixed Price Energy May 2013, offering fixed prices until 30 April 2013. This is a monthly direct debit, online only tariff.

13 January 2012
EDF Energy have launched a new tariff, EDF Fix to March 2013. Offering fixed prices to 31 March 2013, this tariff is available to dual fuel customers and electricity only customers. Paper billing is optional.

12 January 2012
first:utility have launched a new tariff, first:utility iSave Fixed Price V1 March 2013. This tariff offers fixed prices until 31 March 2013 but only available to dual fuel monthly direct debit customers.

12 January 2012
E.ON have removed EON Track and Save 11 from all sales channels today until further notice.

12 January 2012
SSE Gas Price Reduction.
SSE has announced a 4.5% reduction in household gas unit prices effective from 26th March 2012.SSE have also extended the cap on any new price increases until October 2012 but decreases will be made where possible.SSE have withdrawn Price Fix 7.
Note: These price updates are not yet included in the results tables. The price reduction will take place on 26th March 2012 and new prices will be updated when issued around in February 2012.

12 January 2012
British Gas Price Cut.
British Gas has today cut standard electricity prices by an average 5% based on average consumption. The cut takes effect immediately.Note: The new prices are updated on the UKPower price comparison site.

11 January 2012
EDF Energy have announced household gas price cuts of 5% effective 7th February 2012.Note: The new prices are not yet available and will be updated when received.
06 January 2012
OVO Energy have launched new, reduced prices by approximately 5%. This is the first supplier to reduce prices and further price cuts are expected from other suppliers. Updated 6th Jan 2012.
These prices are updated and included in the results tables.

05 January 2012
E.ON have launched a new tariff, E.ON Fixed Price Saver April 2013. This tariff offers fixed prices until 1 April 2013 at rates 5% lower than E.ON's Standard tariff.

Energy Price Reductions

Energy company Npower has announced that it will cut gas prices by 5% from 1 February.

The move comes in the same week that three other major suppliers have announced price cuts, as wholesale prices dip during a mild winter. Small suppliers OVO Energy , First Utility and Ebico have also announced price cuts.

British Gas has cut its electricity prices by 5% with immediate effect and SSE will reduce gas tariffs by 4.5% on 26 March.

EDF Energy will cut its gas tariff by 5% on 7 February.

The mild winter has led to lower demand for energy, with wholesale prices having fallen recently.
"It is obviously no coincidence that several energy companies have announced price reductions this week and we do not apologise for joining them," said Paul Massara, chief commercial officer of Npower.

Npower raised its gas prices by 15.7% and its electricity prices by 7.2% in October. This time, its electricity price is unchanged.

Scottish Power and E.On customers will expect to see their suppliers rapidly follow suit given the speed from other suppliers.

These cuts will not compensate for the big rises in 2011, they will not transform the energy market or significantly lessen the burden on hard pressed consumers.

Customers should be aware that whilst the reductions are welcome, the amount of the reductions are approximately one third of the Autumn price increases and so far all the major suppliers have only reduced the cost of one fuel.

The price reductions additionally are only off the standard rate products and these are in general 10-15% higher than the best tariffs available online at sites such as

http://www.getmecheapbills.com