<p>From March 12, 2007 British Gas will cut its standard tariffs for gas by 17% and for electricity by 11%. As a result, the average annual dual fuel bill for its customers will fall by GBP167 to GBP953, the firm said in a statement.<br /><br />According to British Gas, for the overwhelming majority of UK energy customers, it will be the cheapest gas supplier. Its Click Energy 2 online tariff will be the cheapest dual fuel energy price available on the market.<br /><br />The reductions will be the firm's first since 2000, since when it has increased gas prices seven times and electricity tariffs six times, the BBC reports.<br /><br />British Gas' decision to cut prices is expected to precipitate similar actions from its rivals. So far, only Scottish & Southern Energy has announced plans to reduce tariffs, although the Perth-based energy company has yet to give details of its cuts.</p>
