July 15, 2015
British Gas has announced that it will cut household gas prices by 5% - the energy giant's second gas price reduction in six months.
In January of this year, British Gas were the second of the "Big Six" to reduce gas prices for their customers. Today British Gas is the first to FURTHER reduce their gas price by 5%. The two price cuts together offer almost seven million British Gas customers an average saving of £72 per year.
Commenting on the announcement, Mark Hodges, Managing Director of British Gas, said:
"British Gas is committed to offering competitively priced products, and the price cut we're announcing today demonstrates that. It's the second price reduction from British Gas this year, bringing bills down by an annual average of £72.
There are a range of costs that make up energy bills, some decreasing and others increasing. This reduction reflects our lower projected total costs for 2015 and 2016 and we're pleased that customers will see the benefits in their gas bills ahead of next winter.
We will also continue to help our customers understand and control their bills by leading the national drive to install smart meters, and by developing innovative products that offer them the latest technology to manage their energy usage."
The latest price cut takes effect from 27th of August and will effect customers on British Gas' Standard and Fix and Fall Tariffs. The tariff will be the cheapest British Gas has sold in four years.
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Posted on July 15, 2015 at 09:48 AM