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Two more energy providers announce gas price cuts

EDF and British Gas are the last of the Big Six to cut their gas prices. Credit: PA

EDF Energy and British Gas have become the latest energy suppliers to cut their gas prices.

British Has announced a 5.1% reduction by March 16, while EDF said they would slash their rates by 5% from March 24.

The companies follow suit of Npower, E.ON, Scottish Power, SSE, who have all announced cuts of more than 5% in the past month.

Npower to cut standard gas tariff prices by 5.2%

Npower is cutting its standard domestic gas tariff Credit: PA

Energy firm npower has announced a 5.2% reduction in its gas prices effective from 28 March 2016.

This will lower standard domestic gas tariff prices by an average £32 a year, according to the firm.

The savings will apply to both new and existing customers and 1.2 million will benefit from this price cut, a statement on its website said.

This cut in gas prices is welcome news for many of our customers. We have balanced the wholesale price fall against increases in the other costs we are charged.

– Paul Coffey, chief executive of npower

It follows similar cuts from rival Big Six providers SSE and E.On last month.

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Bills 'could rise to fund £250bn infrastructure cost'

Consumers could be hit with higher energy bills to help fund huge spending on infrastructure projects, an influential cross-party committee of MPs has warned.

The committee says there is £375bn worth of projects slated for the next 15 years, with private companies liable to pass on costs to their customers.

The chair of the Public Accounts Committee, Margaret Hodge, said: “It is the consumer - through their various bills - that is expected to fund at least two thirds of this investment where the infrastructure is financed, built, owned and operated by private companies,”

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