Many of us will no doubt be getting tired of reading bleak reports about the outlook of the energy market.
Energy bills have indeed skyrocketed during 2011, causing the financial pinch to be felt by families across the country.
However, 2012 may hold a more promising future for the cost of fuel, as EDF energy announced that it will be the first company to cut the price of tariffs in 2012.
The energy provider has cut the cost of gas by five per cent in an attempt to introduce fair tariffs back into the market and regain consumer trust.
Vincent de Rivas, chief executive of EDF Energy, explained: "What customers want more than anything else is fair, clear and transparent prices.
"We know they want action rather than words. That is why we are the first major supplier to announce a cut and were the last to increase prices.
"Today's price cut is further evidence of our commitment to be fairer, simpler and more transparent."
The decision, which is expected to benefit more than 1.4 million households, has been welcomed by industry bodies, including uSwitch and the Citizens Advice Bureau.
According to uSwitch, EDF's move could put pressure on the big six energy companies to follow suit in order to remain competitive.
However, others are sceptical over the price drop.
According to Friends of the earth, EDFs move is "completely disingenuous" and will not fix the energy situation in the UK.
Yet we Brits cannot help but breathe a small sigh of relief that the cost of utilities may be on a downward slide.
Nonetheless, many of us will not be out of the danger zone just yet, and following through with energy efficiency plans is still vital.
Installing
double glazing is important to help improve the heat retention of properties and protect against draughts.
Moreover, ensuring that our homes are fitted with the latest
windows will protect against future price hikes.
