British Gas has confirmed that it'll cut its average dual fuel bill by £53 from 1 January.
The energy supplier is reducing its household gas and electricity prices by an average of 3.2 per cent, equivalent to £41 off an average annual bill, and up to £53 with the £12 Warm Home Discount scheme rebate.
Today's announcement means a part reversal of the 9.2 per cent price rise that the firm announced on 17 October.
Managing director of British Gas Chris Weston said:
British Gas is pleased to be cutting energy bills by an average of £53 from 1 January. We’ve been able to do this because the Government has committed to making changes to the environmental and social obligations that are paid for through energy bills. These changes will now allow us to help more people at a lower cost.
This morning's statement said:
This price cut is based on the assumption that the Government’s proposed changes will be implemented in full and at the earliest opportunity. The changes also remove the possibility of there being any price increase attributable to these Government policies before summer 2015.