British Gas is offering a saving of about £283 to energy customers as it promises to pass on a boost to customers worth more than the price cap reduction. British Gas, owned by Centrica, is one of the major energy firms along with EDF, E.On and others like OVO, Octopus and Scottish Power which is passing on a significant cut worth £238 a year to energy customers from April 1, after the Ofgem price cap was reduced.
Energy regulator Ofgem reduced the price cap by an average of £238 per household (based on typical usage figures) and British Gas is legally obliged to honour that for variable rate customers, ie those not currently locked to a fixed tariff. But British Gas says its fixes will beat the price cap and it is passing on a saving worth more than the price cap, making the boost an average of £28
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