Energy suppliers likely to go on price cut war, experts believe
The UK’s largest energy suppliers could be going on a price cut war in the near future following the revelations from the Competitions and Markets Authority (CMA), experts in the field have recently argued.
The CMA revealed that customers could have saved an average of £160 per year by shopping around for the energy. Only a few days after these findings were released, three suppliers have already announced changes that indicate the CMA’s report is stirring the market up.
First Utility, British Gas and SSE were among the first to move to cut prices and launch cheap deals, and the rest of the suppliers are likely to follow.
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