Scottish power to cut gas prices

Scottish Power is to cut domestic gas prices by 4.8%, the Big Six energy supplier announced today.

It said the cut will see the average annual gas bill on a standard tariff reduced by £33. It comes a day after a 5% cut was announced by British Gas.

Energy firms have been under pressure from politicians and regulators to pass on the fall in wholesale gas prices to consumers. E.ON last week cut gas prices by 3.5%.