British Gas Slashes Bills by [Pounds Sterling]55 after Cold Snap Profits
Byline: Jonathan Prynn Consumer Business Editor
BRITISH GAS slashed energy bills for millions of households today as it revealed it made bumper profits from the cold snap in December and January.
The energy giant, which supplies eight million customers, cut seven per cent from its gas tariff, although it left electricity prices unchanged. The move will lower the average bill by around [pounds sterling]55 a year from [pounds sterling]1,202 to [pounds sterling]1,147.
It is the third time in a year British Gas has reduced prices and it is now the cheapest gas supplier in the country for the first time since the market was opened up to competition.
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: British Gas Slashes Bills by [Pounds Sterling]55 after Cold Snap Profits. Contributors: Not available. Newspaper title: The Evening Standard (London, England). Publication date: February 4, 2010. Page number: 2. © Not available. COPYRIGHT 2010 Gale Group.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.