Energy regulator Ofgem has warned supply companies that they would ‘go after’ any who failed to pass on lower wholesale gas prices to their customers.

Wholesale prices have recently dropped around 20% from their high point, and as new supplies come onstream the regulator says it is optimistic that further cuts will be in the offing.

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Npower’s six million customers face higher bills from October ater the company announced a new round of price rises, the third this year.

From October 1st, gas prices will go up by 17.2% while electricity will be 9.9% more expensive.

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A coalition of charities and consumer groups have said that the poor are disproportionately affected by spiralling energy costs, with a higher percentage of low-income households using pre-payment meters which can cost up to £173 a year more than the same amount of energy paid for by direct debit.

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