Miliband to press energy firms for price cuts

Energy companies will be urged to pass on savings to their customers in the wake of massive falls in oil and gas prices when Ed Miliband, the energy and climate change secretary, meets leaders of the big six providers today. The minister will also ask them what progress they have made in ending unjustifiable premiums demanded from people with pre-payment meters, who are among the poorest and most vulnerable customers. Ofgem, the energy regulator, has given the companies until December 1 to draft firm proposals, or Miliband has said he will consider legislation.