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Smaller power firms rival Big Six with significant cuts in gas price war

Smaller energy firms have squared up to the Big Six amid an ongoing gas price war - with Ovo announcing a hefty 10.4 per cent price cut.

It comes after EDF came under fire for announcing a cut in tariffs of just 1.3 per cent - significantly below the wholesale price drop of 19 per cent.

It comes after British Gas announced a five per cent cut in prices, E.ON reduced tariffs by 3.5 per cent, Scottish Power announced a 4.8 per cent drop in prices, npower revealed a 5.1 per cent cut and SSE announced a 4.1 reduction.

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Scottish Power to cut gas prices by 4.8%

Scottish Power has become the latest energy firm to reduce gas prices, after announcing a 4.8% cut from February 20.

Scottish Power is the third of the Big Six energy companies to cut its prices. Credit: PA Wire

The firm, owned by Spain's Iberdrola, said the cut will reduce annual gas bills on a standard tariff by £33.

It also announced a new fixed-price deal which it said was one of the most competitive in the marketplace with an average dual-fuel bill of £930.

It comes a day after British Gas announced a 5% cut in prices and a week after E.ON reduced prices by 3.5%.

Half of the so-called Big Six energy firms have now reduced tariffs this month in line with a sharp fall in wholesale costs.

SSE, npower and EDF have not yet announced any movement in their pricing structure.

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Smaller power firms rival Big Six with significant cuts in gas price war

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