British Gas to cut household prices by five per cent

first_imgWednesday 15 July 2015 4:23 am Tags: British Gas British Gas to cut household prices by five per cent Share British Gas has promised to cut household gas bills by five per cent – the second such reduction in six months.  The price cut will come into effect for British Gas’ 6.9 million customers from 27 August. The utilities giant said this latest drop would save the average home £35. In total this year’s price drops would equate to an average saving of £72.  The firm has come under fire for failing to drop prices in line with falls in wholesale energy prices, with oil and gas prices plunging particularly at the start of the year. In January chancellor George Osborne launched a Treasury investigation into whether utilities companies have been passing on savings to customers, with the threat of government intervention if they were found not to be doing so. Research by price comparison sites including The Energy Shop suggested customers should have seen a £140 drop in bills.  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. “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.” It comes as British Gas this week launches a new smart thermostat Hive.   whatsapp Catherine Neilan Show Comments ▼ whatsapp More From Our Partners Institutional Investors Turn To Options to Bet Against AMCvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comlast_img

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