We're cutting our gas prices for a second time in 2016

05 June, 2016

We're delighted to announce that our customers are to pay £55 (9.2%) LESS on their annual gas spend than they would have on the 31st December 2015. Not only were we the first energy supplier to cut our gas prices this year, we are now slashing them for a second time.

We will be reducing our gas prices by an average 5.7%*. This comes into effect on the 1st April and follows a 3.54% gas price cut on the 1st January 2016.

It means our average pre-pay customer is already saving £55.62** in 2016 alone, after both price cuts, reinforcing our Price Commitment (in place since 2008) to remain cheaper than the Big Six energy providers***.

The price cut will positively affect 278,000 UK homes.

Our CEO, Bill Bullen, says: “We don’t sit on our hands and wait for others – we consistently promise to pass on savings to our customers as soon as we can and we consistently achieve that.

“We did it in January 2015, then again in April, then in October, then again on New Year’s Day this year– and we have done it again. All rolled together, those cuts mean our customers are saving an average £97 per year.

“We do this because our Price Commitment to be cheaper than the Big Six*** – always putting our customers first – is at the heart of every decision we make. That won’t change.”

“Wholesale oil prices continue to fall and our customers have every right to benefit from that – that is why we were the first supplier in Britain to cut prices in 2016 and we are now the first to do it twice in 2016.”

* Compared to prices on 1 January, 2016. The gas price cut is an average reduction of 5.7% across all regions, with a number of factors determining regional variations such as local market conditions and distribution costs.
** Compared to prices on 31 December, 2015
*** Based on Ofgem medium consumption (12,500 kWh) and using the best Dual Fuel standard variable prices available to prepayment customers from the Big Six suppliers.

Rebecca looks after our social media channels, including Customer Care enquires, content and blogs. She’s a bit of a social media guru, and has been with the business since November 2014.

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