Centrica, SSE to Cut U.K. Prices After Levies Cut
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Centrica Plc and SSE Plc led four of the U.K.’s “Big Six” energy suppliers in saying they’ll cut consumer bills after the government pledged to reduce green levies to ease the cost of living.
Consumers will get a 12-pound ($19.63) rebate for each of the next two years at a cost to the government of 600 million pounds, Energy Secretary Ed Davey told lawmakers today in Parliament. Additional savings will come from changes making it cheaper for suppliers to fulfill an obligation to insulate low-income homes, he said.