Fuel prices tumble but how long will it last?

Along with Chris Huhne, Secretary of State for Energy & Climate Change and many others, the National Home Improvement Council welcomes the downward direction of fuel costs.

Huhne says: “Households have faced real difficulties this winter after last year’s global gas prices pushed up bills.  The situation is now changing, with the cost of gas imports falling, and I welcome that EDF have today responded, joining small suppliers Coop and Ovo, by cutting domestic gas bills.

“Some big energy suppliers were quick to pass on rising costs last year, and it is only right that they should now pass on cost reductions to hard-pressed householders as quickly as possible.

“I urge the remaining five large energy suppliers to follow suit and give consumers some respite this winter.  If suppliers do not reduce prices, consumers can send them a clear message by voting with their feet and taking their business elsewhere.”

This is, indeed, a welcome move but in many respects it also flies in the face of reducing carbon emissions and keeping global warming in check! Because the more expensive fuel is the less likely it will be used!

Photo shows: Chris Huhne and Prime Minister David Cameron, when government, consumer groups, energy suppliers, and industry regulator Ofgem, agreed a range of measures to help consumers save money on their gas and electricity bills. They discussed policy developments aimed at keeping household energy bills down.

More information: www.decc.gov.uk