Energy firms are facing increased pressure from the Government to pass on a fall in wholesale costs to consumers by slashing household bills.
Amber Rudd, the Energy and Climate Change Secretary, has written to the Big Six energy companies asking them to alter their prices now a pre-election pledge by Labour to impose a freeze was off the table. The latest analysis by regulator Ofgem found firms could increase their profit margins.
The Competition and Markets Authority is currently undertaking a wide-ranging probe into the energy market to see if customers are being unfairly treated by the UK’s dominant big six energy suppliers.
Full content: BBC News
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