British Gas cuts household gas bills by 5%

British Gas is to reduce its gas prices by 5% for householders. The move, which will come into effect on 27th August, is expected to save consumers £35 on their […]

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By Priyanka Shrestha

British Gas is to reduce its gas prices by 5% for householders.

The move, which will come into effect on 27th August, is expected to save consumers £35 on their gas bills.

Nearly seven million customers on the Big Six supplier’s ‘Standard and Fix & Fall’ tariffs are to benefit as a result of the price cut.

It is the second gas price reduction in six months by the company – it also cut bills in January this year.

British Gas claims the two price cuts will lead to an average total saving of £72.

Managing Director Mark Hodges said: “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.”