British Gas to cut household bills by 5%

British Gas customers will see their annual energy bills reduce by an average of £37, the Big Six supplier claims. The company has promised to reduce its household gas prices […]

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By Priyanka Shrestha

British Gas customers will see their annual energy bills reduce by an average of £37, the Big Six supplier claims.

The company has promised to reduce its household gas prices by 5%, which will come into effect on 27th February.

It is expected to benefit around 6.8 million customers, including those on the Fix & Fall tariffs.

British Gas said the price reduction reflected the recent fall in wholesale gas prices.

The move comes after energy supplier E.ON cut its gas prices by 3.5% last week.

Iain Conn, Chief Executive of Centrica, the owner of British Gas said: “We’ve been watching the significant moves in the international energy market extremely closely for some time, with the aim of helping customers with a price cut at the earliest possible opportunity.

“Taking this decision now, at a time of continuing uncertainty, shows our absolute commitment to pricing competitively, with customers at the forefront of our minds.”