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British Gas trimmed gas tariffs by 5 per cent last month but Mr Conn said: "The overall cost of gas that we're supplying to people will come down over time, and that should mean that we will be able to pass on further reductions to customers".
And after British Gas's announcement of an 18% hike in its gas tariffs, having posted record profits of £742m last year, it's highly probable that a similar proportion would favour taking the once state-owned company back into public ownership.
Here is a breakdown of the energy firms, known as the "Big Six": British Gas The company is increasing electricity bills by 10.4 per cent and gas tariffs by 8.4 per cent for around 7.8 million families this winter.
Both British Gas and Scottish and Southern Energy (SSE) are putting up gas tariffs in December, and other major energy providers may follow suit soon.
The cut in British Gas bills comes two weeks after it raised electricity prices by 10.4% and gas tariffs by 8.4%, adding around £123 to the average annual bill.
Meanwhile, Scottish and Southern Energy is imposing a 9.4 per cent increase on its gas tariffs.
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The company, which currently has about 30,000 electricity customers, said it wanted to eventually source 50% of its gas tariff from biogas and would match British Gas on dual-fuel pricing.
This week the Chippenham-based firm started offering a domestic gas tariff that will allow customers to claim their gas usage produces no overall net carbon.
British Gas had taken to Twitter after unveiling a 10.4% rise in electricity prices and an 8.4% increase in the gas tariff from 23 November.
E.ON, which has 4.5m household customers, will cut its gas tariff by 3.5%, effective immediately, although it is keeping its electricity charges flat.
Many of us have signed up with energy companies that offer 100% renewable electricity, so why not switch to a gas tariff that also promises to be carbon neutral?
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