British Gas to cut gas prices by 5%

lstar337

British Gas - the UK's biggest domestic energy supplier - is to cut gas prices by 5% on 27 February.

"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," said Iain Conn, chief executive of Centrica.

http://www.bbc.co.uk/news/business-30880159

MillicentBystander

"We've been watching the significant moves in the international energy market extremely closely for some time'


Not difficult when you also have an excavating/wholesale arm.....:p

Bark01

So they announce a price change 5 weeks in the future. On a decrease they don't need to notify customers, so questions need to be asked why its not with immediate effect.

The main point here is that this just brings them in line with the suppliers who have not announced a decrease yet.

Pincher

Expect a separate announcement for electricity eventually.


Double dip, double dip, gotta get a double dip.

AndyPK

Well it stops ppl rushing to leave
And also gets £ for the peak winter period

Lube

5% cut isnt much and its only a month left of Winter period when people tend to use less

sanjay1

Right LUDE, 5 % isn't much to be happy and after 1 month people will use less gas. No any much profit for people.

browncat22

I currently am on a fixed price dual fuel tariff with Scottish power with contract finishing 27th Feb and am looking with interest at the falling gas prices. Am I best to hold on until nearer that date to change? I will be moved on automatically to their standard tariff which is extortionate after that date

macman

Methinks that Centrica have looked at the long range weather forecast and are expecting UK temperatures to rise rapidly on 27/2...

wymondham

That's it, i'm holding fire switching until I can see 'leccy tumble as well....

Pincher

browncat22 wrote: »

I currently am on a fixed price dual fuel tariff with Scottish power with contract finishing 27th Feb and am looking with interest at the falling gas prices. Am I best to hold on until nearer that date to change? I will be moved on automatically to their standard tariff which is extortionate after that date

SP January 2016 Fix?


No exit penalty for several tariffs now.