British Gas to cut bills by 5%
British Gas is to reduce household gas prices by 5%, cutting annual energy bills on average by 37
Commenting on the announcement, Iain Conn, Chief Executive of Centrica plc, 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. Operating in such a volatile market, no pricing decision is straightforward.
“We bear the responsibility of managing the risks of buying energy ahead on behalf of our customers, who value the predictability this brings. 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.”
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. We’re pleased that existing customers on our Fix Fall tariffs will also see the benefit of this price reduction.
“We know customers expect competitive pricing and good value from British Gas and we continue to keep our prices under constant review. We have a range of competitively priced products, fixed and variable, to suit customers’ needs and preferences.
“We’ll also continue to lead in the development of innovative products and technologies to put customers in control of their energy usage and help them keep their energy bills as low as possible.”
British Gas leads the way in helping customers understand and manage their energy use:
- Tariff Checker: We tell customers, in every bill, if there could be a better British Gas tariff for them.
- Switching between tariffs: We charge no exit fees on our current available tariffs when customers are changing tariffs or switching.
- Reducing energy usage: We continue to lead on the nationwide roll-out of smart meters, with over 1.1 million installed, providing our customers with real-time information on their energy usage to help manage their bills. Over 150,000 people are also using our Hive Active Heating controls to manage their heating and hot water from a tablet or smart device.
