Good news from the energy market today as an energy price war sparks up among energy giants, reports Times online. British Gas, the undisputed cheapest energy supplier, has now faced a new challenger from the likes of Npower, who have launched new online tariffs that make ‘high’ and ‘low’ energy users better off than with British Gas. However, British Gas remains the best option for the average consumer, but only by £1 per year.

To stay in the game, Scottish Power has been forced to follow suit joining the energy war, and Uswitch, the price comparison site, has shown a £192 fall in the standard energy prices.

The price war follows numerous criticisms that the energy companies had not brought their prices down last year, and it sparks good news in the face of high oil prices this year which jumped to as high as $60 a barrel a few months ago. Critics who attacked the lack of price cuts highlighted the fact that the price of energy had been cut in half since last year, whereas domestic energy bills have seen a cut of only 5%; analysts argue that a further 10% or 15% cut is justified.

There are many tips that have been given to consumers when it comes to energy bills. First, find out what type of energy user you are - high or low - and then shop accordingly. Use the internet, as there are a myriad of sites out there which can compare gas and electricity bills instantly, allowing you to pick the best deal for you.

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