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PPI claim news: More energy firms cut prices

Struggling households who may have filed a payment protection insurance (PPI) claim have been boosted by the news that two more energy companies have reduced their rates.

Following in the footsteps of EDF Energy - which cut its gas bills by five per cent earlier this week (January 11th) - British Gas and Scottish and Southern Energy (SSE) have now reduced their prices.

Director of consumer policy at comparison website uSwitch.com Ann Robinson stated that the UK's "big six" suppliers were now "falling like dominoes".

However, she said it is disappointing that none of the firms have sanctioned reductions to both gas and electricity rates.

The news has also received a lukewarm reception from Friends of the Earth's energy campaigner Paul Steedman, who suggested the adjustments are not substantial enough to restore people's faith in the energy sector.

"Tinkering in the margins of massive price hikes won't fix our broken energy system - the big six are making billions in profits from their addiction to fossil fuels," he commented.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801263586-ADNFCR



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