British Gas cuts utility prices again
Published On 26 April 2007
British Gas has announced that it is cutting utility prices for its household customers for the second time in recent months.The company announced that consumer electricity prices will fall by six per cent and three per cent for gas.
This means that some consumers could see their utility bills fall by £402.
However, consumer website uSwitch said that the company could still afford to cut bills by a further £196 if it truly reflected reductions in wholesale prices.
"This second cut by British Gas demonstrates that consumer power really does exist. It seems to be a direct response to its customers, although in danger of being seen by some as a knee jerk reaction to the scathing report published last week on its substandard customer service levels," said Geoff Slaughter, the energy product manager at uSwitch.com.
"The key thing now for consumers is not to become complacent about price cuts. We know that there is still scope for plenty more and it's only by consumers piling the pressure on that the suppliers will start digging a bit deeper into their pockets."
Separate research from uSwitch showed that British Gas has cut the typical combined utility bill for its customers by £207 since the beginning of 2007. Two other utility suppliers - EDF Energy and Scottish Power - are yet to cut prices at all.
