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British Gas electricity price cut | British Gas electricity price cut |
(10 minutes later) | |
British Gas has cut its electricity prices by 10% - the last of the major suppliers to do so. | British Gas has cut its electricity prices by 10% - the last of the major suppliers to do so. |
The cut, which will come in with immediate effect, will save 4.5 million customers an average of £43 a year. | 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. |
British Gas actually raised electricity prices twice last year, by a total of 26%. | |
All its electricity customers on standard tariffs - including those with pre-payment meters - will benefit from the 10% 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. |