Wholesale prices for the coming winter are 16 percentlower for gas and 9 percent lower for electricity than a year ago, yet the sixbiggest utilities have yet to reduce their prices, Ofgem said in a letter sentyesterday.
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Must explain lack of bill cuts
The UK energy regulator has written to the largest energy suppliers, asking them why household bills haven’t been cut to reflect lower prices for gas and electricity in wholesale markets, Bloomberg News reported.
