British Gas has announced it is cutting standard household gas prices by an average of 7%, with immediate effect.
The price cut, which the company says will benefit eight million households, will save the average customer £55 a year, British Gas said.
This is the third price cut that the company has implemented in the past 12 months, it added.
Energy suppliers have been criticised for not passing on cuts in wholesale oil and gas prices to customers.
Wholesale gas prices dropped sharply from February 2009, and domestic prices dropped in the spring.
Great, they wait til the coldest spell of the winter is over and then cut the price!
And if a 7% cut in bills sounds generous just take a look at this:
