Energy Watcher | Renewable Energy Blog

We came across this interesting BBC News article detailing Energy Secretary Ed Milliband’s renewed call for the major energy companies to cut consumer energy bills. He has called for the recent drop in wholesale gas and electricity prices to be passed onto consumers. One major Electricity Supplier has already strongly hinted as possible price cuts in the new year, and we would predict that the others won’t be far behind.

We have been relativley encouraged by Mr Milibands first few months as energy secretary, he has displayed an understanding of how these big energy companies operate. The key for Mr Miliband in the short term must be to work closely with the ‘big six’ suppliers in order to get household energy bills under control.

“We have recently seen big falls in wholesale gas and electricity prices, but I understand that because energy companies tend to buy in advance they won’t be passed on immediately.

“But they must be passed on as soon as possible.”

We look forward with interest to the new year.