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Govt warns it could break 'Big Six' energy firms up

The Big Six energy companies were tonight warned the government would break them up if The Competition Authority were to recommend it.

The watchdog accused the firms of overcharging millions of customers who stay with the same supplier rather than shopping around for the best deals.

ITV Consumer Editor Chris Choi reports:

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  1. Chris Choi

Smaller power firm Ovo squares up to Big Six with 10.4% cut

The Energy Secretary has warned big power firms that they "can't hide", after one of their smaller rivals offered more than double the price cut of the so-called Big Six companies.

Ovo has more than doubled the cut offered by its Big Six rivals Credit: PA

Today's price drop means that while the average customer of the major firms will see a four per cent reduction in gas prices, customers of Ovo will see a drop of 10.4 per cent.

Now consumer groups are urging companies to drop prices further - and extend their reductions to electricity prices.

SSE to slash gas prices by 4.1%

SSE to cut household gas prices at end of April Credit: PA Wire

SSE is to reduce household gas prices by 4.1% on April 30 before extending its energy price freeze until at least July 2016.

It is the latest energy firm to announce a cut in gas prices.

British Gas announced a five per cent cut in prices, npower is to cut its standard tariff by an average of 5.1%, E.ON reduced tariffs by 3.5 per cent, and Scottish Power announced a 4.8 per cent drop in prices starting February 20.

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