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Firms urged to cut energy bills

The major energy companies are under renewed pressure from the government to drop prices for domestic customers.

Energy Secretary Ed Miliband urged the companies to pass on savings from the falling cost of oil to consumers as soon as possible.

His comments echo those of Chancellor Alistair Darling and the head of regulator Ofgem in recent weeks.

Some of the "big six" suppliers have already suggested prices could fall early in the new year.

Householders faced two price increases for gas and electricity bills during 2008, with the average dual fuel bill going up by more than £300 over the year.

Intervention

The cost of wholesale gas is linked to the price of oil, which has slumped in recent weeks, as well as the long-term security of gas and electricity supplies.

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news.bbc.co.uk/1/hi/business/7774910.stm

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