22.05.09 British Gas slashes electricity bills

Frustration regarding the apparent unwillingness of energy companies to pass on savings to customers feeling the financial impacts of the credit crunch has been mounting for several months now. It is therefore nice, to say the least, to see British Gas announcing a ten per cent reduction for its customers in the United Kingdom.

This reduction represents the largest cut in energy prices so far this year and approximately one in every four households is set to benefit from the price decrease. British Gas currently provides electricity to 4.5 million customers and this latest news is likely to be music to their ears.

British Gas customers, until this latest move, had been provided with more reason than most to complain. Providers including E.ON, Scottish Power, NPower, and EDF Energy, had all introduced reductions of various degrees this year but British Gas had decided not to make a move with regards to its electricity prices until now (although the company did cut its gas charges by ten per cent in February).

The managing director of British Gas, Phil Bentley, stated that the company wishes to do what it can for its customers. He continued to reveal that the company is happy to be "able to cut an average 10 per cent" from their standard electricity prices and "continue to help" customers during the credit crunch.

British Gas has been quick to point out its view that this latest reduction makes it the cheapest supplier in Britain on average. There are some who still believe the reductions are not large enough but, at the moment, any price decrease is welcome to homeowners feeling the pinch.

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