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British Gas electricity price cut British Gas electricity price cut
(30 minutes later)
British Gas has cut its electricity prices by 10% with immediate effect. British Gas has cut its electricity prices by 10% - the last of the major suppliers to do so.
The cut affects 4.5 million customers and the company insists it makes it the cheapest electricity supplier in the Britain. The cut, which will come in with immediate effect, will save 4.5 million customers an average of £43 a year.
The company cut its gas prices, also by 10%, on 19 February this year, benefitting more than seven million households, it said.The company cut its gas prices, also by 10%, on 19 February this year, benefitting more than seven million households, it said.
The two price cuts will together save UK households an average £132 on their gas and electricity bills.The two price cuts will together save UK households an average £132 on their gas and electricity bills.
All British Gas electricity customers on standard tariffs - including those with pre-payment meters - will benefit from the price cut.All British Gas electricity customers on standard tariffs - including those with pre-payment meters - will benefit from the price cut.
The cut was made possible by a fall in the cost of wholesale electricity.The cut was made possible by a fall in the cost of wholesale electricity.