Scotland
UK
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ScottishPower has confirmed it is to reduce its gas prices by 4.8%.
The reduction will come into effect from 20 February and will see customers on the firm's standard tariff save an average of £33 on their annual gas bill.
The reduction follows the recent fall in wholesale gas prices.
Neil Clitheroe, ScottishPower's CEO of Retail and Generation, said: "Today's decision has been made to benefit our customers and keep our prices competitive. We will continue to keep our prices under review.
"Our pricing reflects all of the costs that contribute to a customer's bill. The wholesale price of energy accounts for half of a customer's gas bill, but non-energy costs such as transmission and distribution networks and environmental and social obligations remain unaffected by any wholesale energy price movements."
(JP/MH)
