Energylinx UK Energy Industry News Service
January 22, 2009
British Gas 10% price cut!!
British gas has announced today that it will cut gas prices by 10% from 19 February 2009. The reduction will apply to all customers on British Gas' standard tariff, benefiting more than 7.5 million homes.
British Gas is already one of the most competitive suppliers across the UK with their flagship WebSaver 1 tariff launched on the 18th December.
The cut in gas prices of 10% by British Gas will save a typical customer on their standard domestic tariff around £79 per year.
This is now the third price cut we have seen in 2009 with both ScottishPower recently reducing the cost of their PriceSure Energy tariff and Good Energy reducing their entire range of prices only last week.
Energylinx are delighted with the news as it can only help those 7.5 million householders on this tariff, although to be fair these houselholders could immediately save a lot more by comparing and switching to the least cost tariff. As whilst this price cut is definitely great news those customers on the tariff are still able to save substantial sums by shopping around.
British Gas said that Demand for gas is four times higher in winter than in summer. We buy gas months before it is used so we can make sure we always have enough for our customers, and can protect them from sudden rises in wholesale prices. The recent dispute between Russia and Ukraine demonstrates how important it is that we continue to do so, as it caused a sharp rise in wholesale prices which had fallen from last year's peaks.
It is interesting to note that Russia only effectively turned back on gas supplies to the rest of Europe on Tuesday so hopefully we can see some stability introduce into the wholesale gas markets across Europe, helping sustain potential price drops in the UK.
Energylinx would recommend that every householders spends two minutes on the 100% impartial and free Energylinx comparing the prices available to them for gas and electricity. In the last 60 days Energylinx best savings are well over £1000 per customer.
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Remember Energylinx is totally free to use, 100% impartial and lists every single supplier in the UK.
Posted by energylinx at January 22, 2009 07:42 AM Technorati: Energy Prices

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