London: British Gas announced it will reduce its gas prices by five per cent – but are holding off until weeks before the end of winter.
Britain’s biggest energy supplier has said the price cut for its 15.7million customers will apply from February 27, cutting annual energy bills on average by £37.
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British Gas said the cut reflected the recent fall in wholesale gas prices and comes after energy suppliers have come under pressure from politicians and regulators to pass on lower costs to households.
Ian Peters, interim managing director of British Gas, said: ‘This price cut, worth £37 off the average annual bill, will help our customers keep their energy costs down at a time when many household budgets are still under pressure.’
