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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".

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Breakdown of ministers' pledge to energy cut bills by £50

The Government said its energy announcement will save households an average of £50 a year.

To do this, it will reduce the current cost of levies by:

  • Giving a rebate - Average customer saves £12 on their bill for the next two years
  • Reducing the insulation scheme's cost - £30-35 off bills on average per year
  • Saving on network costs - one-off average reduction of £5

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