Scottish and Southern, the company behind the Atlantic Electric and Gas, Southern Electric, Scottish-Hydro and Swalec supplier brands, have re-affirmed their intention to cut gas and electricity prices in the coming months.

No firm date or target were given, as Alistair Phillips-Davies, energy supply director of SSE stated: "Since last September, we have made clear our intention to cut gas and electricity prices if there was a sustained fall in wholesale prices which would allow us to do so, and I am very pleased that we have now been able to confirm this."

Scottish and Southern's statement echoes the commitment of its rival British Gas to cut prices for its existing customer base in the months to come. Leading suppliers have yet to implement price cuts for their existing customers, which is not likely to happen before the spring, when energy usage from heating starts to decrease.

Customers looking for a better deal from switching supplies can already benefit from falling prices, as three suppliers (EDF Energy, ScottishPower and npower) have so far dropped the price of gas and electricity available to new customers.