Read this about the greedy foreign energy companies that ripping off the British consumer, say no and fight back.
Finally, there's a break for consumers struggling with the highest inflation for 16 years!
The UK's supermarkets have reduced the price of petrol to below £1 per litre at some pumps, most banks are cutting interest rates, food prices are stabilising and the energy companies are, well, they don't seem to be doing anything at all.
With oil dropping to $70 a barrel from $14 over the past few months, you might expect to see the savings passed straight on to you, the customer.
Out on the street, Nicky met many people who felt angry about the cost of electricity and gas, and found confusion as to why prices aren't falling.
We asked the big six energy companies why it is that when wholesale energy prices rose, domestic prices soon followed - but now that wholesale gas, electricity and crude oil prices are falling, when do they intend to reduce our energy bills?
Here is what they had to say:
British Gas: "British Gas has a good history of cutting prices when commodity costs fall. For example, in 2007 we led the market down with two price cuts. However, in 2008 wholesale costs of gas and electricity have been much higher, leading to price rises; and in fact 2009 prices are running higher still. If we see sustained and significant falls in the wholesale costs of gas and electricity we will pass on savings to our customers."
EDF Energy: "When we announced our July price rise, we made clear at that time we were only passing on some of the rise in wholesale energy costs which had increased by up to 70 per cent in the first half of the year. In order to minimise the price change effect on our customers, we buy our energy supplies many months in advance. As a result, we would need a much longer period of sustained lower wholesale prices to be in a position to reduce retail tariffs."
E.ON: "Power and gas is bought in advance on the wholesale market, which means there is always a period between when the wholesale price rises or falls and when customers' domestic bills rise or fall. This process allows us to even out the cost of energy for our customers, protecting them from sudden peaks and day-to-day changes in the wholesale energy market.
"We would need to see a sustained drop in wholesale prices before retail prices come down, in the same way as we don't immediately increase prices when wholesale prices go up."
NPower: "We know how much pressure households are under at the moment and we are doing everything we can to protect our customers from the huge fluctuations in the wholesale market.
"Wholesale gas prices* began their upward trend in February 2007 and climbed 286 per cent to reach their peak in July of this year. Although they have fallen back they are still 204 per cent up. During the same time period we have only increased our gas retail prices by 27 per cent. This means that we have still not reflected all of the latest wholesale cost increases in the prices we charge our customers. "
"We hope that we will continue to see wholesale costs come down to a point where current prices can be reduced."
*avg year ahead
Scottish and Southern: "The price a customer pays is determined by the wholesale price of gas, not oil. Despite the dramatic drop in the price of oil, wholesale gas prices remain at very high levels. We are paying close attention to what is happening in the wholesale energy markets, but there would need to be a substantial and sustained fall in wholesale prices before we could state with any certainty what is likely to happen to customer's energy prices in the future."
Scottish Power: "Thankfully there has been a short-term reduction in wholesale energy costs - but the wholesale gas market remains exceptionally volatile.
"To help shield our customers against the worst of this volatility, and to ensure sufficient supply, we purchase gas through a series of contracts in advance for fixed periods of time. That is why on 1 September when we were forced to increase our gas prices by 34 per cent, the wholesale cost of gas had in fact risen by 65 per cent over the previous seven months."
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