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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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Main measures confirmed in Energy Statement

The main measures confirmed in Ed Davey's Energy Statement are as follows:

  • Government will provide £300m in both 2014 and 2015 - £600m in all - for a new rebate to all domestic electricity customers worth £12 each year
  • It will consult on reforming the Energy Companies Obligation to make it cheaper, knocking £30-35 off average bill next year
  • The Affordable Warmth and Carbon Saving Community Obligation - schemes which help low-income and vulnerable households - will be maintained at current levels and extended until March 2017
  • The electricity distribution network operators will make voluntary improvements worth £5 from the average energy bill

He says these measures combined will result in saving worth £50 on the average energy bill.

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