ScottishPower to cut energy bills by 3.3pc in wake of government green levy deal

Energy giant ScottishPower is preparing to cut household bills by 3.3pc, becoming the fourth major supplier to pass on savings from the Government’s deal to cut green levies, The Telegraph has learnt.
The electricity and gas provider is expected to cut just over £40 from a typical dual fuel bill for its 2.2m customers on variable-price tariffs, taking their annual bills down to about £1,235.
The 3.3pc reduction will provide only a partial reversal of the 8.8pc rise it announced in October, which came into effect a month ago.
The vast majority of the 1.4m ScottishPower customers who are on fixed-price tariffs will see no benefit from the change.
As well as the tariff cut, the supplier will also pledge to pass on to all customers a £12 rebate from the Warm Home Discount, which is currently funded through levies on energy bills. Ministers have agreed to fund it through general taxation instead.

Posted on Jan 06, 2014.

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