Scottish Power is last of big six to cut gas prices

156PM GMT eleven Mar 2010

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The organisation is the last of the "big six" appetite providers to revoke the gas tariffs this year as firms reply to neatly reduce indiscriminate appetite prices. Around 1.6m gas business will good from today"s reduction.

Scottish Power captivated critique not long ago for unwell to pass on indiscriminate cost reductions some-more fast when it suggested a 7.9pc climb in gain last year. It has not marked down customary gas prices given early last year. Scottish Power"s move will see the gas bills tumble by an normal of �66 a year.

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But the organisation was the majority costly customary remuneration gas provider prior to the ultimate turn of cuts and stays the beloved notwithstanding today"s announcement, according to eccentric consumer watchdog Consumer Focus.

An annual singular fuel gas check will cost an normal �832 with Scottish Power after the Mar 31 reduction, opposite �735 with E.ON, that will turn the cheapest after the cost change. E.ON is slicing gas prices by 6pc, with the remission receiving outcome on Mar 31.

Meanwhile, Npower voiced on Tuesday that it would cut gas bills by 7pc from Mar 26, ensuing in an normal remission of �50 a year for the 2m customary made at home gas customers.

British Gas and Scottish & Southern Energy have additionally both voiced cost cuts this year. British Gas last month marked down the gas prices by 7pc with evident effect, whilst Scottish & Southern Energy is slicing customary twin fuel gas prices by 4pc from Mar 29.

Scottish Power, that is owned by Spanish organisation Iberdrola, is additionally charity a �50 winter remission to assistance the majority exposed physical phenomenon customers, that will be credited to their comment by Mar 31.

However, whilst this year"s cost drops might be acquire headlines for gas customers, they come as well late to assistance ease the cost of heating bills during one of the coldest Januarys on record.

There have additionally been no reductions for customary physical phenomenon bills, solely for discounts charity by a series of providers to those profitable by monthly approach debit.

Consumer Focus pronounced it was unhappy that physical phenomenon had not come down in price. It additionally strike out at an strong "pack mentality" in between the providers to cut by identical amounts and inside of days of each other.

Audrey Gallacher of Consumer Focus pronounced "The appetite marketplace should be charity Premiership levels of foe unfortunately it is kicking around in the lowest levels of Sunday League. Any goal is right away left of the genuine cost fight this marketplace needs so badly.

"The shouts for an eccentric review by the Competition Commission should right away be deafening."