Yahoo Finance British Gas To Trim Gas Prices By 5.1%
British Gas claims it is leading the way on cutting energy bills among the 'big six firms', announcing a 5.1% reduction on all its gas tariffs from 16 March.
It made its announcement shortly before rival EDF (Paris: FR0010242511 - news) became the last of the major firms to confirm gas bill cuts in recent weeks as wholesale prices plunge.
EDF Energy said its gas tariffs would fall 5% from 24 March.
However, British Gas raised the stakes in the battle for business among the big six by claiming it was alone in reducing gas costs three times since the start of 2015.
It said its customer base of 6.8 million households would benefit from the latest move, saving an average £31.
It added it would leave British Gas cheaper than 95% of the market for a typical household on a standard dual fuel tariff.
