SSE announce price cut of 4.5% on gas

SSE announce price cut of 4.5% on gas

Around 3.5 million households in Britain will benefit from the reduction, which will cut typical gas bills by around £28 a year.

The move comes on the same day British Gas announced it was cutting its gas prices by 5%, and a day after EDF announced a 5% reduction of its own.

SSE has also pledged to extend its cap on household electricity and gas prices by another two months from August 2012 to October 2012, meaning it will not implement any price increases before October 2012.

Due to its partnership with SSE, customers of M&S Energy will also benefit from the gas price reduction and the extended gas and electricity price cap.

SSE also announced plans to introduce a new three-year fixed price option for electricity and gas customers, with a premium of 4% on the standard prices for units that will apply from 26 March 2012

Alistair Phillips-Davies, Generation and Supply Director of SSE, said: "I hope that this package of measures will give our customers some respite from the seemingly endless rises in household costs that we have seen in recent times.

"The cut in household gas bills shows customers that we will bring down prices when we can and our decision to extend to October our pledge not to increase prices will give our customers some additional certainty about the costs they will face in the course of this new year.

"The introduction of our new fixed price product also gives customers the option to put a ceiling on the price they pay for energy through to 2015."