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are in the medium of the coldest winter for thirty annuals and numerous, if not most of us, have been bumping up our heating to keep warm.
Obviously whereas, tenderness and solace come at a price and some people had been concerned that while their afterward energy bills are deserving, they will be paying via the proboscis for that comfort.
Cold winter bumps up energy usage
And they wouldn't have been far wrong according to recent research by Confused.com, which showed that the additional energy usage during the cold snap was expected to join one extra £60 to the mean anniversary winter gas bill.
This is because approximately 77 per penny of folk in the UK had their heating on extra or at a higher class during the cold spell in January.
In truth, this research also suggested that 73 per cent of people in the UK are worried approximately their energy bills. But such cares could potentially be eased emulating a recent move by British Gas to implement extensive gas price cuts.
Good news for consumers' pockets
The supplier cut its standard gas prices by 7 per cent, equating to an average saving of £55 per average customer (4 February), making it at the time, the cheapest standard dual fuel provider in the UK, with the cuts expected to benefit around 8 million people. At the same time mac blushes outlet, it also introduced a new Websaver 6 tariff, the cheapest tariff in the market and a best purchase in 10 out of 14 regions.
But in the morale of a good age fashioned price war, a new energy challenger has trod amenable, with first:utility attempting to claim the caption of cheapest standard energy supplier in the UK by launching a fashionable standard dual-fuel tariff (10 February).
It claims its criterion twin oil tariff namely £16.40 cheaper than British Gas if disbursing along money alternatively cheque and £1.40 cheaper whether paying by straight debit because a duration of 12 successive months.
A spokesperson for the first: utility said: "From consumers' viewpoint this kind of competitive pricing through the energy providers is a real benefit for UK households seeing for the best deals."
Energy consumer body, Consumer Focus, welcomed cuts in energy prices but its energy adept, Audrey Gallacher was also critical that energy suppliers have been slow to implement such cuts mac concealer, especially considering the fact that wholesale gas prices have fallen dramatically over the quondam 18 months.
"Consumers could have seen prices fall earlier, for energy companies should have passed on wholesale price cuts ahead winter," she said.
Will energy prices come down?
Well, given the measure of consideration British Gas has received over the price cuts and the challenge put forward to prices by first:utility, it is no unlikely that other important energy suppliers could also follow suit with price cuts.
Commenting on the British Gas price cut, Andrew Horstead, analyst at Utilyx, energy and carbon specialists, explained: "Given the sizeable drip in wholesale prices from the peaks in 2008, a 7 per cent cut is below our expectations. We have yet discerned a price battle in the online mall and we wish that this latest shake will stimulate a alike answer from the other suppliers to pass on lower spend to their beleaguered purchasers."
In terms of the outlook in gas costs, Horstead is anticipating a "further alleviating" and a "further slit in retail prices later this year."
But this is not all. Ofgem, the office of gas and electricity markets has also additional further pressure to energy suppliers to cut prices in its recently issued Project Discovery report, recommending substantial energy market reform to assist lower costs for consumers.
What should you do now?
With the potentiality of further stamina price cuts looming, it is a nice period to make sure you know your energy usage and how many you are paying for it, so you are in a location to think switching if a better deal becomes obtainable.Read more a

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