Energy supplier Ovo Energy is axing plans to increase costs for its variable rate customers due to a drop in the price it pays for gas and electricity.
Recent price hikes have increased the profit margins enjoyed by Britain's big energy firms to £125 per customer a year from £15 in June, it emerged today.
The rate of inflation continued to climb last month, official figures revealed today, as utility bill hikes hit a two-year high and clothing costs saw their biggest increase on record.
13 September 2011
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