Call for fall in wholesale energy prices to be passed on to consumers. Leading energy suppliers should tell their customers when bills will start to drop, Energy Minister Fergus Ewing said today. Wholesale gas prices have fallen almost 30 per cent in the last year, while wholesale electricity prices have dropped around eight per cent over the same period.
With EON announcing it is to lower household gas prices by 5.1% from February, Mr Ewing has written to chief executives of the UK’s leading energy suppliers calling for reductions to be passed on to customers.
Mr Ewing said “With wholesale gas and electricity costs falling, customers are entitled to know when they can expect to reap the benefits.
“Significantly lower wholesale prices should lead to lower bills and I want to see cost savings passed on to customers in full and as early as possible.
“In the interests of transparency and fairness, I have asked the leading energy suppliers to identify how these reductions are likely to be reflected in lower energy bills for households and businesses in Scotland.”
Like our Facebook Page
Can You Maximize Your Profits While Investing Ethically?
Environmental Benefits of Living in Miami. Why Is It Worth Moving There?
5 Ways To Shift To Green Energy At Home
Advantages of Free-Range Farming for Eco-Friendly Consumers
What is Eco-Friendly Investing and How Can You Embrace It?
Green Software Ideas to Implement with an Offshore Development Team
5 Things Eco-Conscious Consumers Should Know About Private Wells
The True Environmental and Social Costs of Mined Diamonds
20 Incredible Facts Eco-Tourists Should Know About Dubai
5 Massive Benefits of Turning to Renewable Energy
6 Tips For Getting the Most from a Solar-Powered Home
7 Excellent Ways to Live a Greener Lifestyle in 2021
How the Property Industry Is Embracing Eco-Friendliness Across the Board
Sustainability in Construction: Methods to Mitigate Environmental Impacts
New Company is Driving ESG Infrastructure Development in Mining
10 Tips to Turn Your Next Holiday into an Eco-Friendly Celebration
4 Benefits of Commuting with a Bicycle as an Eco-Friendly Consumer
Some Important Facts about Eco-Friendly Glass Railings
Impact Proof of Stake Ethereum Mining on Power Industry Sustainability
7 Business Survival Guidelines All Eco-Friendly Entrepreneurs Must Follow
- Features10 months ago
Eco-Friendly Hacks To Create A Durable Shop For Your Home
- Energy6 months ago
Eco-Friendly Homeowners Lower Carbon Footprints through Greater Air Conditioner Efficiency
- Features5 months ago
Seven Health and Safety Tips for Eco-Friendly Products in a Green Home
- Features10 months ago
5 Simple Ways To Create A Greener And Healthier Home