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UK Energy Firms to Cut Bills by £150 This April

12/16/2025

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Story summary
  • UK energy firms are urged to implement Labour's pledge to cut household bills by £150 following the Budget announcement.
  • Measures include ending the energy company obligation scheme and shifting older renewable project costs to general taxation.
  • Energy Secretary Ed Miliband says all savings should be passed to customers, including those on fixed contracts.
  • Octopus Energy, British Gas, and E.ON Next have committed to pass on these savings automatically from April.