OREANDA-NEWS. This afternoon Ofgem has released a statement commenting on the recent fall in wholesale prices and calling for suppliers to take action for their customers.

SSE's Chief Executive, Alistair Phillips-Davies, replied to Dermot Nolan, Chief Executive of Ofgem, on the 6th of June regarding the subject of wholesale prices and to explain what SSE is doing to help customers with energy costs.

The full letter is available here.

A spokesperson for SSE said:

“SSE announced in March a freeze on its household electricity and gas prices until at least January 2016. This is the longest price freeze the competitive energy market has ever seen and followed research amongst our customers which showed they were concerned about the prospect of rising energy bills over the next two years.

“Committing not to increase prices for such a long period of time requires a long term view on costs, however we keep a close eye on all the costs that go into supplying energy - not just the wholesale cost, which accounts for one half of the bill - and if we can lower prices, we will.”