Overview
- British Gas, E.ON Next, Octopus, EDF and OVO are among 12 firms that have committed to apply the April reduction to both variable and fixed tariffs.
- Other named participants include 100Green, Co‑op Energy, E (Gas and Electricity), Ecotricity, Home Energy, Sainsbury’s Energy and Utilita, according to MoneySavingExpert.
- DESNZ stated the government expects the saving to be passed on in full from 1 April 2026, including for customers already on fixed-rate contracts.
- MoneySavingExpert estimates the policy equates to roughly 3.5p/kWh off electricity and 0.35p/kWh off gas unit rates, though price-cap movements could trim the net benefit.
- Consumer group Uswitch welcomed early confirmations and urged remaining suppliers to publish clear plans so households can make informed choices ahead of the April change.