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Energy watchdog Ofgem said the move followed around two billion pounds of savings in the sector
Electricity bills 'set for £12 cut'

Bills are to be reduced by £12 a year on average after new price controls were agreed by five of the six companies that run Britain's electricity network.

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msn money poll

Do you support the new banking inquiry?

Thanks for being one of the first people to vote. Results will be available soon. Check for results

  1.  
    27 %
    Yes, I think the Big Four are too powerful and resistant to change
    2,446 votes
  2. 73 %
    No, I don’t believe it will result in real change that will benefit the consumer
    6,748 votes

Total Responses: 9,194
Not scientifically valid. Results are updated every minute.