OFGEM Not Overly Impressed by British Gas’ Price-Cut

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Following British Gas’ announcement of a 5% price-cut OFGEM released the following statement:
Commenting on today’s gas price cut by British Gas Ofgem’s Senior Partner for Markets Rachel Fletcher said:

“We are pleased that British Gas’s most loyal customers are seeing some of the benefits from lower wholesale energy prices. However, the Competition and Markets Authority last week found that active consumers get a much better deal than those who don’t shop around.”

What is true for domestic consumers certainly applies to business customers.