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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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British Gas: 'We've done as much as we could'

British Gas say a 5% reduction in gas prices is "as much as we could as fast as we could".

Christine McGourty, Director of Corporate Affairs, said: "The 5% cut is greater than any other cut in the market so far."

The energy firm, who have benefitted from falling wholesale gas prices, will only reduce bills from the end of next month.

They were accused of "double standards" after hiking prices with immediate effect when wholesale prices rose in 2008.

ITV News Consumer Editor Chris Choi reports:

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