British Gas cuts prices by 5 per cent
Friday 13 January 2012
British Gas has cut bills for more than five million customers with an average 5 per cent drop in its standard electricity tariff.
The cut will knock £24 from the average annual bill – six months after the company increased gas bills by 18 per cent and electricity by 16 per cent.
While British Gas said there was no reduction in its gas price, Southern Electric and Swalec owner SSE said that it would cut the price of gas by 4.5 per cent from 26 March. The moves follow EDF's decision to cut gas prices by 5 per cent.
The Big Six energy suppliers increased prices over the summer, but falls in wholesale energy prices have led to calls for suppliers to reverse their rises.
Ann Robinson, director of consumer policy at uSwitch, said it was disappointing that no suppliers had announced duel fuel cuts.
She added: "The bottom line for consumers is that these cuts will go nowhere near cancelling out the £224, or 21 per cent, hike in prices they've seen in the last 18 months.
"We can only hope that these reductions are the first and more will follow."
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
Sony hack: Angelina Jolie branded 'seriously out of her mind' in further embarrassing leaked email saga
Panic Saturday: 13 million Britons spend £1.2bn – while 13 million others across the country live in poverty unable to afford food
iJobs Money & Business
$200 - $350 per annum: Carlton Senior Appointments: Managing Producer Office...
$125 - $225 per annum: Carlton Senior Appointments: San Fran - Investment Advi...
Up to £70,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...
Up to £65,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...