Households are still paying substantially more for their gas and electricity than they were last summer, despite four of the big six energy firms announcing price cuts this week.
Energy supplier Ovo Energy is axing plans to increase costs for its variable rate customers due to a drop in the price it pays for gas and electricity.
Recent price hikes have increased the profit margins enjoyed by Britain's big energy firms to £125 per customer a year from £15 in June, it emerged today.