04/02/2010

Energy Supplier Slashes Gas Price

British Gas has today cut its standard gas prices by an average 7%.

The price cut, which will benefit 8 million households, takes effect immediately and makes British Gas, on average, the cheapest supplier of standard gas and electricity right across Britain - no matter which way customers choose to pay. The change will save the average gas customer £55 a year.

This is the third time British Gas has cut prices in the past 12 months, cutting a total of £187 off the average annual dual fuel bill.

Last year, the company cut both standard gas and electricity prices by an average 10%. The electricity price reduction in May 2009 made British Gas on average the cheapest supplier of standard electricity across Britain; it has remained unchallenged by any major supplier in this position ever since. Today's price cut means the company is now also the cheapest major supplier of standard gas at average consumption - and therefore of dual fuel - right across Britain.

British Gas Managing Director, Phil Bentley, said: "At British Gas, we know household budgets are stretched, and that our customers are concerned about the effect the recent cold weather will have on their winter fuel bills.

"I'm pleased we're able to offer our customers some extra help with this gas price cut - and that we're able to do this while it's still winter, allowing our customers to really feel the benefit.

"This latest price cut means that, no matter where you live in Britain, British Gas is offering on average the cheapest standard gas, electricity and dual fuel prices - beating all other major suppliers.

"But, at British Gas, we know that cutting prices is just part of the picture in helping our customers cut their fuel bills; we're also doing more than any other supplier to help our customers use less energy. As well as cutting prices three times in the past year, we have been helping our customers improve their energy efficiency and cut their energy use by 7%."

(CD/GK)

Related UK National News Stories
Click here for the latest headlines.

31 July 2008
Centrica Posts £1 Million In Profits - To Consumers Anger
British Gas owner Centrica has posted half-year profits of almost £1 billion - much to the anger of consumer groups. Centrica maintain that it has been "absolutely necessary" to raise household gas prices as profits were down 20% in the first six months of this year to £992 million - down from £1.23 billion in 2007.
02 December 2013
Energy Firms To Cut Fuel Bills
A number of major energy firms have said they plan to cut fuel bills, following a series of new measures from the government. Over the weekend, Centrica, which owns British Gas, said it would cut bills by £53 in January 2014 – two months after it increased its prices by £123 for the average dual-fuel customer.
13 May 2013
18% Rise In Gas Usage At Beginning Of 2013
Residential gas use in the UK increased by 18% in the first four months of 2013, Centrica has revealed. Blaming the colder weather, Centrica, which owns British Gas, added that the benefit they say from the increase gas usage would be used to “to maintain our price competitiveness".
24 June 2005
Gas prices could rise again
British Gas has warned customers that gas prices could be increased again. Centrica, which owns British Gas, said that the price rises were being introduced because of expectations of an increase in wholesale prices. The price rises would follow a 12.4% increase in September last year and a further rise of 5.9% in January.
26 August 2014
200 Homes Still Without Gas After Water Leak
Around 200 homes in Wales are still without gas after a burst water pipe flooded gas lines last Thursday. Wales and West Utilities have said that some 150,000 litres of water has been pumped from gas pipes since last Thursday, with 540 of the 755 homes affected by the leak, now reconnected.