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British Gas announces 10% tariff cut

In a move which should bring the average UK gas bill down from £1,328 to £1,240 British Gas has broken ranks with the energy sector and announced the first reduction in prices for some time. While the move will come into effect on 19 February energy experts are suggesting that consumers hold fire at the moment to see exactly how others in the sector respond. There is also a feeling that British Gas pushed their prices higher than many others in the sector during 2008 and the 10% reduction has done nothing more than bring the company back into line.

It is worth remembering that British Gas is the leader in the gas sector in the UK and as such this unexpected move is more than likely to encourage pricing adjustments amongst others. Whether this is the start of a long-term downtrend for gas prices in the UK remains to be seen as fiction between Ukraine and Russia still continues to impact upon UK gas prices.

While the move has come too late to impact upon the winter period the reduction will no doubt be welcomed by many of the low-income customers of British Gas who have seen their bills mushroom over the last 12 months.

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