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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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Energy firm npower to slash more than 5% off gas bills

Energy giant npower has become the latest firm to announce a cut in gas prices.

From February 16, the supplier will cut its standard gas tariff by an average of 5.1 per cent - the biggest price cut of its competitors - benefiting its 1.3 million customers by around £35 a year.

More than half of the so-called Big Six energy firms have now reduced tariffs this month Credit: PA

It comes after British Gas announced a five per cent cut in prices, E.ON reduced tariffs by 3.5 per cent, and Scottish Power announced a 4.8 per cent drop in prices starting February 20.

It means more than 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 and EDF have not yet announced any changes.

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

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