Paying the price for power

You could be paying up to 20 percent too much

Electricity suppliers are accused of overcharging millions of customers by as much as twenty per cent.

That's the conclusion of a report by the National Audit Office published today

On Breakfast this morning, we'll be telling you what you can do to get cheaper electricity bills.

We spoke to Andrew Salmon from the website uSwitch.com which allows you to make price comparisons on its website.

Click here to see our interview with Andrew Salmon

And also found out how to get the best deal for our money - we heard from Mario Dunn of the consumers' champion "Energy Watch".

We also be looked at some of the pit-falls of changing supplier with Ken Frere - it took him four months to change firms when he tried. Click on the link below to see that interview.

Click here to see our interview with Ken Frere and Mario Dunn

Electricity bills for millions of people are up to fifty pounds a year higher than they should be - according to today's report which says the big power firms are failing to pass on industry price cuts - and it's customers who stay loyal to them who are paying most.

The consumer watchdog Energywatch is accusing suppliers of ripping off consumers. But the companies maintain that price cuts have been passed on, and argue it's a very competitive market.

Industrial users have benefited the most with bills falling by an average of 18%.

People who have switched suppliers are paying up to 22% less than those who haven't.

Average savings for those who've switched amount to £50 on average.