British Gas cuts its prices again

BRITISH Gas today cut average gas bills by 7 per cent in a move set to benefit around eight million households.

The reduction, which is effective immediately, comes amid falls in wholesale prices from their highs of two years ago.

British Gas said customers will save an average of 55 a year as a result of the move, which is the third cut in energy prices from the company in the past 12 months.

The gas price cut follows a period of freezing winter weather which raised the spectre of a huge hike in energy bills.

The cut is an average across all regions and all paying methods, although those using pre-payment meters should benefit more as the firm removes the price difference between pay methods.