British Gas slashes standard gas prices by an average 7%

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

The price cut, which is claims will benefit 8 million households, takes effect immediately and makes British Gas currently, on average, the cheapest supplier of standard gas and electricity right across Britain. 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.

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.

“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%.”

Emma Bush, energy expert at uSwitch.com, commented:

“British Gas is launching a major charm offensive on the household energy market – it is firing on all fronts offering the cheapest gas, electricity and online plans. Online energy plans are consistently the most competitive in the market, but British Gas’ new WebSaver 6 launched today comes in at £899 a year. Given that the average household energy bill was £912 in January 2008 this plan is offering consumers the chance to take their energy bills back to pre-2008 prices.

“We would urge all households to seriously consider ditching their standard energy plans and move online. Moving to dual fuel, paying by direct debit and signing up to an online plan will cut your bills by around £300.”

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