Menu
22/01/2009
British Gas To Reduce Prices By 10%
British Gas has announced it will reduce its gas prices by 10%, from February 19.
The energy provider's reductions will apply to all customers on British gas standard tariff. This will benefit more than 7.5 million homes - 75% of it's client base.
British Gas - part of the Centrica group, trading as Scottish Gas in Scotland - said it was the first major UK energy supplier to announce such a cut since 2007.
It estimates the cuts will save customers £79 on the average household gas bill.
In July last year, the company raised its prices by a record 35%. Meanwhile other firms lifted prices by more than a fifth.
British gas managing director Phil Bentley said: "We understand energy bills are a significant cost and we are committed to providing the best possible prices for customers.
"This price cut will go some way to helping customers manage their budgets, and we will continue to do what we can, when we can."
The cost of wholesale gas, linked to the price of oil, has fallen significantly from the peak it reached last summer.
In July 2007 crude oil reached almost $150 a barrel, but has since slumped as low as $38.
(JM/BMcC)
The energy provider's reductions will apply to all customers on British gas standard tariff. This will benefit more than 7.5 million homes - 75% of it's client base.
British Gas - part of the Centrica group, trading as Scottish Gas in Scotland - said it was the first major UK energy supplier to announce such a cut since 2007.
It estimates the cuts will save customers £79 on the average household gas bill.
In July last year, the company raised its prices by a record 35%. Meanwhile other firms lifted prices by more than a fifth.
British gas managing director Phil Bentley said: "We understand energy bills are a significant cost and we are committed to providing the best possible prices for customers.
"This price cut will go some way to helping customers manage their budgets, and we will continue to do what we can, when we can."
The cost of wholesale gas, linked to the price of oil, has fallen significantly from the peak it reached last summer.
In July 2007 crude oil reached almost $150 a barrel, but has since slumped as low as $38.
(JM/BMcC)
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.
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.
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.
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.
13 January 2011
British Gas Invests For Vulnerable Customers
British Gas have announced that it is making a new investment of £37 million in support for its vulnerable customers. Each customer on British Gas' Essentials social tariff will receive £50 as a credit on their winter bill. Prepayment customers will receive the credit direct to their meter.
British Gas Invests For Vulnerable Customers
British Gas have announced that it is making a new investment of £37 million in support for its vulnerable customers. Each customer on British Gas' Essentials social tariff will receive £50 as a credit on their winter bill. Prepayment customers will receive the credit direct to their meter.
09 September 2005
Gas and electricity prices to rise by over 14%
British Gas prices are set to rise by 14.2% for residential customers later in September. The company blamed the increase on soaring oil and gas prices. The rise follows on recent similar price hikes by Powergen and EDF Energy. The company said that the 14.
Gas and electricity prices to rise by over 14%
British Gas prices are set to rise by 14.2% for residential customers later in September. The company blamed the increase on soaring oil and gas prices. The rise follows on recent similar price hikes by Powergen and EDF Energy. The company said that the 14.
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.
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.
-
Northern Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
