Scottish and Southern Energy said Friday it will cut retail prices for electricity by 9% and for gas by 4% from March 30th, citing lower wholesale energy prices.
SSE is the second U.K. supplier to cut its retail electricity and gas prices this year.
The company also said that it was on track to deliver the financial and operational goals for the period to March 31 set out in its last report. “The falls in wholesale energy prices, which started between July and October 2008, have been maintained and mean SSE is able to deliver its first cut in domestic energy prices since March 2007,” it said in an interim management statement. SSE said that the number of energy customers it has reached 9 million for the first time, up from 8.3 million previously.
This post has been viewed 814 times.Related posts...
- June 22, 2010 -- UK Business Energy Prices: (3)
A new survey carried out by the Economist Intelligence Unit has revealed that over 80% of British firms expect energy and fuel prices to rise sharply and almost 50% have great concern that the UK coul... - February 21, 2010 -- Identifying a Half Hour Meter: (0)
How to find out if you have a half hourly meter –
So how do you know if you have a half hour meter? It’s actually quite straight forward, and all you will need to find this out is a recent copy o... - February 10, 2010 -- UK Business Gas Prices: (0)
Business Gas Prices can be difficult to understand, as there are many different types of pricing structures available. You could simply ring around and obtain gas prices direct from suppliers, but it... - February 7, 2010 -- Oil Prices Back To $70 Range: (0)
Oil prices plunged in a busy trading session on Friday, triggering big losses across the commodities markets, as investors went back to buying into the US dollar. Crude oil prices did have a partial ... - February 5, 2010 -- CRC Business Lights: (1)
The era of the 'on-all-night' illuminated high street could end, the Environment Agency is predicting. The agency says new rules will force businesses to switch off lights and displays at night to mee... - February 3, 2010 -- Bglobal Smart Meter Deal: (3)
Bglobal Plc said it has signed a new agreement to supply and install smart meters for British Gas Business during 2010. The contract value is anticipated at more than £12 million. In addition, the com...
SSE Price Cuts:
RSS feed for comments on this post. TrackBack URI
Leave a comment