Scottish Power cuts fixed price deal by 10 per cent

Commenting on Scottish Power cutting its fixed price deal by 10 per cent, Scott Byrom, utilities manager at price comparison site, moneysupermarket.com said: "Today's move by Scottish Power makes the PriceSure deal the cheapest dual fuel fixed tariff available on the market. This deal should appeal to anyone who wants the security of knowing exactly how much their bills are going to be for the next 12 months.

"Usually there is a hefty premium to pay for this peace of mind. However, at £1,112.90 a year, Scottish Power's PriceSure deal is only £54 more expensive than the best energy deal on the whole market - British Gas' online WebSaver1 tariff at £1,058.80. Bill payers should be aware that fixed price tariffs may charge a termination fee; PriceSure has termination fees of £30 for electric and £20 for gas if you cancel before 31 January 2010.

"There are stirrings in the energy market about prices coming down in the first half of this year with a 10 - 15 per cent reduction expected in the build-up to Spring. However, with wholesale gas prices rising slightly recently, providers may use this as an excuse to think twice about an immediate price cut. Ultimately I urge people to keep abreast of the deals on the market and ensure they are on the best tariff for their usage, region and circumstances."