Home Business NewsBusiness British Gas set to freeze energy prices

British Gas set to freeze energy prices

10th Feb 17 11:27 am

Top Six supplier to cap costs for customers

UK energy giant British Gas has announced it is freezing prices until August.

British Gas has said it will hold tariffs by reducing its internal costs.

However, Scottish Power has said it will be raising its dual fuel prices by an average of 7.8 per cent from the 31 March.

Scottish Power has blamed the rise on low carbon energy costs and smart meters, earlier on in the month Npower also spoke of raising its prices.

Scottish Power said is standard electricity would increase by an average of 10.8 per cent, gas prices will see an average increase of 4.7 per cent. It also stated 1.1m people will be affected by the change.

Colin McNeill, UK retail director for Scottish Power, said: “This price change follows months of cost increases that have already led to significant rises in fixed price products that now unfortunately have to be reflected in standard prices,”

Owner of British Gas, Centric has said the price freeze has been made possible “despite increases in external costs”.

It said in a statement: “We are engaging all of our customers on our standard tariff with a range of new offers. It is important to us to ensure that customers continue to make an active, informed choice over their energy.”


Leave a Comment


Sign up to our daily news alerts

[ms-form id=1]