MSE News: British Gas cuts standard gas prices

Former_MSE_Adam

This is the discussion thread for the following MSE news story:

"British Gas (BG) has today cut the cost of standard gas tariffs by an average 7%, in a move which could spark an energy price war ..."

Read the full story:
British Gas cuts standard gas prices

These threads have been merged to avoid duplication. Thanks to dopester for the original.

dopester

I just caught the black and yellow running strap with this news on Sky News as I went to turn the telly off.

About time too! Deflation innit. We need more price cuts asap.

BRITISH GAS will tomorrow slash gas bills for over ten million customers - as the deep freeze begins to END.

Sources tonight said Britain's biggest energy supplier will spark a new price war in the morning.

Gas rates will drop by up to SEVEN PER CENT - wiping around £56 off the annual gas bill.

Electricity prices will be left unchanged.

Industry experts have been calling for a cut for months given a 60 per cent plunge in wholesale energy costs last year.

Full info:
http://www.thesun.co.uk/sol/homepage/news/money/2838081/British-Gas-bill-cuts-for-millions.html

savemoney

Hope it isn't just the standard tariff like last year was and its now after worse period of Winter still better than nothing

JennyR68

Electricity prices unchanged?

I just slashed my BG bill by 25% switching to EDF!

Fire_Fox

Fantastic for the forgotten minority in stupidly-expensive-to-heat all electric properties.

savemoney

10% PRICE CUT LAST YEAR (SORRY CAPS ON)

http://news.bbc.co.uk/1/hi/business/7843999.stm

OldGreyFox

http://business.timesonline.co.uk/tol/business/industry_sectors/utilities/article7014405.ece

2010

From the above link:


The cut, which will extend to about 7.5 million households on British Gas’s standard tariff, follows steep falls in the wholesale price of gas since 2008 and is the first of its kind by one of the UK’s “big six” energy suppliers since 2007.

Of course the Sun says it`s ten million customers:
http://www.thesun.co.uk/sol/homepage/news/money/2838081/British-Gas-bill-cuts-for-millions.html

BRITISH GAS will tomorrow slash gas bills for over ten million customers - as the deep freeze begins to END.

It looks like the cut only applies to STANDARD tariff.

hansi

savemoney wrote: »

Hope it isn't just the standard tariff like last year was and its now after worse period of Winter still better than nothing

It is just the standard tariff, and who is on that anyway?

therivierakid

I guess the rest of the cartel will follow shortly.

JennyR68

hansi wrote: »

It is just the standard tariff, and who is on that anyway?

I suppose those who have signed up to tarrifs guaranteed certain percentages below average will benefit?