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Gas and electricity price drop announced by three suppliers

EDF, and SSE have announced reductions for gas rices, while British has also announced a cut in the price of electricity in the last few days.

A reduction of 5 per cent in its domestic gas tariff was announced by EDF Energy on Wednesday, attributed to low demand over the last few months due to the mild weather.

The SEE reduction of 4.5 per cent, announced yesterday, will come into effect on 26 March.

British Gas announced that its prices for electricity would be reduced by 5 per cent with immediate effect, stating that annual domestic bills would fall by £24.

The moves have placed pressure on the other major suppliers to follow suit.

“We want to keep prices as low as possible for our customers. Household budgets are stretched, and we are doing everything we can to help our customers keep their bills down,” Ian Peters of British Gas told BBC News.

British had previously increased its electricity prices by 16% and gas tariffs by 18% rise last August.