Gas Price Reduction Announced

The price of mains gas delivered to people’s homes in the UK are likely to either continue to fall or consolidate at a lower cost to the home occupier, following the news of Npower’s announcement that it is lowering the charges it is levying to its main domestic customer base by 7%.

Four of the largest 6 suppliers have now lowered their prices over recent weeks following the price falls in the wholesale market last year, meaning that the pressure is now on the remaining two suppliers to follow suit or loose market share.

The company reports that the price reduction will lead to about a £50 reduction on the average household bill.

British Gas, Scottish and Southern and E.ON as well as Npower have all now implemented or announced reductions in their prices, with news awaited in due course from Scottish Power and EDF.

09 March 2010