From 31st March 2010, ScottishPower’s gas prices will fall by an average of 8% or GBP66 per annum. These latest reductions follow recent cuts to ScottishPower’s Online and Fixed Price offers and will make it cheaper on average than British Gas for gas, the company claims.
In addition to the gas price cuts, ScottishPower has also announced support for those vulnerable customers who heat their homes with electricity through a new GBP50 winter rebate. Under this program 60,000 customers will receive a GBP50 rebate by the end of March 2010 to help with the cost of their winter fuel bills.
This package is in addition to the existing Fresh Start social tariff scheme, which already helps around 80,000 customers over 60 and in receipt of qualifying state benefits with savings of up to GBP382 per year.
Raymond Jack, director of energy retail at ScottishPower, said: “We understand that household budgets are tighter as a result of the economic recession and recognise our customers are concerned about the effect of the recent cold weather on their heating bills. With this in mind we are pleased to be able to pass on lower prices and offer additional support to those most in need.
“We must remember though, that despite reductions in wholesale prices, the gas we are using today was bought well in advance when prices were much higher. It is important that we do this to ensure we have sufficient supplies when customers require them and to protect customers from volatile spot market prices.”
