British Gas criticised over 5% cut to gas bills

British Gas has been criticized, despite announcing a 5% cut in gas bills, which will save the average customer £35 a year.

It is the second gas price reduction in six months by the firm, which says the two cuts together will cut £72 from typical annual bills. The price reduction will take effect from 27 August.

Critics said the cut was too small. But British Gas said higher pipeline costs had made a larger cut impossible.

The price cut will affect 6.9 million energy customers either on standard or "fix and fall" tariffs.

It follows a similar cut of 5% that British Gas made in January, after moves by a number of the other "Big Six" energy suppliers. (s:bbc)

People may criticize the move now, but on the long run they will come to appreciate..

If you calculate how much you spend on gas annually, then you will surely appreciate 5% cut...