moneysupermarket.com: Scottish and Southern Energy's price cuts

Commenting on Scottish and Southern Energy’s price cuts announced today, Paul Schofield, head of utilities at price comparison website moneysupermarket.com said:

“Over seven million Scottish and Southern Energy (SSE) customers have been patiently waiting for these long overdue cuts. The energy price war has turned into a daily battle with providers continually vying for the top spot. However, with SSE being the fourth big provider to announce price drops in as many weeks – 12 per cent for gas, five per cent for electricity and nine per cent drop for dual fuel tariffs - customers might not get the best deal if they change providers now. Instead, it might be better to adopt a ‘wait-and-see’ approach to see who will next join the crusade to be the cheapest energy provider.

“EDF and Scottish Power are yet to show their hand and have remained quiet, no doubt keeping an eye on what their competitors are up to. In a continuing attempt to emerge the victor, there will surely be more cuts from all sides. I would not be surprised if British Gas still has a trick or two up its sleeve to play. We can only wait to find out.”

moneysupermarket.com is making a stand to help people ditch their expensive power companies and get the cheapest energy deal by offering £30 cash-back to all customers swapping to a dual fuel tariff through its service. Those not going for a dual fuel tariff but changing a provider or tariff will benefit from a single £17.50 payment.