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British Gas announces cut in domestic gas pricesSome eight million households are set to benefit from an immediate cut in the price they pay for gas after the country's biggest gas supplier, British Gas , announced a price cut. The company said the reduction in standard gas prices would be around 7 per cent. It estimated that would save the average customer on a standard tariff £55 per year. Announcing the gas price cut, British Gas managing director, Phil Bentley, said: "At British Gas, we know household budgets are stretched, and that our customers are concerned about the effect the recent cold weather will have on their winter fuel bills. "I'm pleased we're able to offer our customers some extra help with this gas price cut - and that we're able to do this while it's still winter, allowing our customers to really feel the benefit." He added, "cutting prices is just part of the picture in helping our customers cut their fuel bills;... As well as cutting prices three times in the past year, we have been helping our customers improve their energy efficiency and cut their energy use by 7%." Source: Utility Week © Faversham House Group Ltd 2010. News articles may be copied or forwarded
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