Npower is the latest supplier to announce a price drop


NPOWER CUTS GAS PRICES

Energy supplier Npower has announced it is cutting its standard gas tariff by an average 5.1% from 16 February It is the fourth energy company to lower gas prices since E.on slashed prices to customers by 3.5% last week. British Gas cut its standard gas tariff by 5% on Monday. Scottish Power cut gas prices by 4.8% earlier this week as well.
 

Scottish Power third of the "Big Six" to drop prices

Scottish Power has become the third major gas supplier to announce a price cut, with the news it is to reduce prices by 4.8% from 20 February.

Customers on the standard tariff will make an average saving of £33 on their annual gas bills as a result.

Earlier this week, the UK's largest supplier, British Gas, announced it was to cut prices by 5% from 27 February.

German-owned supplier E.On was the first to reduce its tariffs, by 3.5% - a cut that has already taken effect.

British Gas to cut home gas prices by 5%

British Gas - the UK's biggest residential energy supplier is cutting gas prices by 5% on the 27th February.

The supplier which is part of the Centrica group, said the discount would reduce the typical household's annual energy bill by £37.

They are the second of the "big six" suppliers to reduce prices after E.On reduced its standard gas prices by 3.5% last week.

Falling Oil price means now's the time to buy energy

 

With a glut in global oil supplies, Brent Crude Oil prices have halved over the past six months. Along with a warm winter, the UK is now in a comfortable supply and demand situation. This means that since the start of December we have seen wholesale gas prices fall by around 17% and wholesale electricity prices fall by 10% - the lowest they have been in three years!

What’s more, the premium attached with doing a longer term deal (2-5 years) has also narrowed - meaning it may be a good time to considering a longer term contract. Most suppliers will also price corporate customers as much as 12 months in advance of the start date!