The largest supplier of residential gas in the UK, British Gas, has cut its standard gas prices by an average of 7%.

For the average gas customer, this will mean a reduction of around £55 a year from their bill. It is thought that some eight million households will benefit from the cuts and the price changes take effect immediately.

Bearing in mind this is the third British Gas price cut in the past 12 months, it means that nearly £190 has been chopped off the average annual dual fuel bill.

Phil Bentley, British Gas Managing Director, 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%.”

British Gas claim that last year, they cut both standard gas and electricity prices by an average 10%. And the May 2009 electricity price reduction saw British Gas become on average the cheapest supplier of standard electricity across the UK.

What’s more claim British Gas, this latest gas price cut means that they are now also the cheapest major supplier of standard gas at average consumption, and therefore of dual fuel, right across the UK.

In another move, British Gas has also removed the price ‘differential’ for gas pre-payment meter accounts, meaning that pre-pay gas customers are now paying, on average, the same for their energy as customers who pay by cash, or cheque.

Find out more about British Gas here.

Guest Article by Neil Camp

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