The Government has today announced plans to ensure the future of the Feed-in Tariffs scheme to make it more predictable. Transparency, longevity and certainty are at the heart of the new improved scheme.
E.ON put forward that it would cut electricity prices by 6%, while Scottish Power chose to cut gas prices by 5%. Both changes are due to come into effect at the end of February.
The moves followed a 5% electricity price slash by British Gas, and cuts to gas prices of 5% by EDF Energy and npower, and of 4.5% by SSE.