£72 a year saving for customers
Gas bills fall by 5% after British Gas makes second cut in six months
The new price takes effect from 27 August, benefiting 6.9 million British Gas customers on standard and six & fall tariffs.
British Gas, which trades in Scotland as Scottish Gas, also this week launches the next generation of its home technology products.
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 gas price cut announced today is an average reduction of 5%, with any variations reflecting the cost of distributing energy to different regions.
Electricity prices remain unchanged despite the fact that several elements which make up the bill are rising steadily. British Gas continues to offer the cheapest standard electricity prices of all the large suppliers in 12 out of 14 regions across the country.