Npower will cut gas prices by 5%

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Gas price cuts

Gas price cuts

A number of suppliers have announced changes to prices this week. Energy company Npower has announced that it will cut gas prices by 5% from 1 February.

The move comes in the same week as three other major suppliers announced price cuts, as wholesale prices dip during a mild winter.

British Gas has cut its electricity prices by 5% with immediate effect. SSE will reduce gas tariffs by 4.5% on 26 March.

EDF Energy will cut its domestic gas tariff by 5% on 7 February.

Small provider First Utility has also launched a new fixed-price energy tariff.

The mild winter has led to lower demand for energy, with wholesale prices having fallen recently.

On Monday, Citizens’ Advice begins an Energy Week aiming to help people save money on their fuel bills, with advisers across the country handing out tips on how to spend less on heating and powering the home.


Energy price changes

  Scottish Power Scottish & Southern British Gas Npower E.On EDF
G=Gas. E=Electricity
Nov 2010 G:2% E:8.9%          
Dec   G:9.4% G:7% E:7%      
Jan 2011       G: 5.1% E: 5.1%    
Feb         G:3% E:9%  
Mar           G:6.5% E:7.5%
Aug G:19% E:10%   G:18% E:16%      
Sept   G:18% E:11%     G:18% E:11%  
Oct       G:15.7% E:7.2%    
Nov           G:15.4% E:4.5%
Jan 2012     E: -5%      
Feb       G: -5%   G: -5%
Mar   G: -4.5%  
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