Eco & Energy Blog
Are Recent Energy Price Cuts Just A Marketing Trick?
Following EDF’s announcement to reduce gas prices by 5%, the other suppliers from the big six have followed suit with similar announcements to either reduce prices or fix them until 2013. Energy wholesale prices have been falling massively since last year and this 5% reduction is measly. This feels more like a marketing trick to appease the growing misery suffered by households. Whilst we welcome the reductions; the energy companies in only October increased their prices sharply for both gas and electricity at a time when wholesale prices were falling. Electricity Wholesale Prices Feb 11 – Jan 11 (Source: Spectron) Electricity £/MWh ...
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