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Scottish Power cuts gas prices

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Energy provider Scottish Power is set to reduce its gas tariffs this year Energy provider Scottish Power has said it would cut gas bills by an average of 8% from March 31.

The group is the last of the "big six" energy providers to reduce its gas tariffs this year as firms respond to sharply lower wholesale energy prices.

Around 1.6 million gas customers will benefit from Thursday's reduction.

Scottish Power, which is owned by Spanish group Iberdrola, attracted criticism recently for failing to pass on wholesale price reductions more quickly when it revealed a 7.9% rise in earnings last year.
It has not reduced standard gas prices since early last year.

© 2012 Press Association