Scottish Power cuts prices for standard tariff customers

power station The price cuts follow changes to green levies on fuel bills

Scottish Power has become the fourth energy supplier to announce a cut in tariffs, following changes announced by the government.

It says customers on a standard dual fuel tariff will see a reduction of £54 on their annual bill from 31 January.

The cut of 3.3% will only partly off-set a price rise of 8.6% which came into force in December 2013.

The company said the reduction will not apply to most customers who are on fixed rate tariffs.

However, it said that 97% of such customers are already paying less than those on standard tariffs.

The savings are in line with government changes to green levies, which were designed to lower fuel bills.

So far British Gas and SSE have announced that price cuts will apply to all their customers, whatever their tariff.

SSE has said it will cut prices by around 4% from the beginning of April, although it has not yet announced the details.

But EDF and E.On, like Scottish Power, have applied price reductions only to those on standard, or variable, rates.

Npower has said it is still reviewing its prices, after increasing them by 10.4% in the autumn of 2013.

The price comparison website MoneySuperMarket.com has called on energy suppliers to follow the example of British Gas and SSE, and cut all their tariffs.

More on This Story

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

BBC Business Live

  1.  
    06:01: Edwin Lane Business reporter, BBC News

    Hello all. We're also getting the latest on the fate of Phones 4U, after it went into administration last week. Get in touch with us on bizlivepage@bbc.co.uk or tweet us @BBCBusiness.

     
  2.  
    0600: Matthew West Business Reporter

    Morning folks. We start the day with news that luxury shoe brand Jimmy Choo is looking at a stock market float in London, there are also half year results from Moss Bros. The Labour party conference goes into its second full day with a speech from shadow chancellor Ed Balls. It's his last conference speech before the election so we'll bring you any nuggets from that too. Stay with us.

     

Features

From BBC Capital

Programmes

  • StudentsClick Watch

    Could a new social network help tailor lessons to students’ needs and spot when they fall behind?

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.