Scottish and Southern Energy (SSE) has announced its prices are to be lowered from March, something that could help customers with their debt management.
Domestic electricity clients will see costs fall by nine per cent, while gas charges will drop by four per cent, it revealed.
Declines in wholesale energy prices have enabled the company to make the move, which is its first reduction since March 2007.
The firm stated that its typical dual fuel customers will benefit from annual bills becoming £66 cheaper, adding that they will be four per cent lower than the equivalent service offered by British Gas.
Energy supply director for SSE Alistair Phillips-Davies noted: “We know our customers want to understand what their energy is likely to cost in the future.”
Recently, Robert Hammond from Consumer Focus predicted that energy suppliers would follow the lead of British Gas, which has unveiled reduced prices for its standard tariff.
By Jamie Price