Govt's energy plans 'to save households £50 a year'

The Government has announced plans to reduce the current cost of levies on energy bills, which it said will save households an average of £50 a year.

The Department of Energy and Climate Change (DECC) said it will establish a rebate saving the average customer £12 on their bill and reduce the cost of the Energy Company Obligation insulation scheme.

"While the Government cannot control the price of energy in the global market, it can help bill-payers by reducing the impact of social and environmental programmes on their bills," the DECC said in a statement.

Read more: npower 'will not increase energy prices before 2015'

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Fuel bill cuts after Govt pledge

British Gas is to cut duel fuel bills and other energy firms have announced price freezes after the Government revealed measures it hopes will cut bills by an average of £50 a year. But Ed Miliband has dismissed the plans as "smoke and mirrors".