Utilita cuts gas prices by 3.5 per cent

This is Utilita’s third cut since the start of the year making the total average reduction of 9.51 per cent or nearly £63 since January 2015.

These cuts mean that Utilita is cheaper for prepay smart meter customers than the big six, according to Utilita Energy chief executive, Bill Bullen.

Bullen said: “Our Price Commitment is incredibly important to us; since 2008 we have been committed to doing our best to ensure our prices remain cheaper than the Big Six for pre-payment customers – because heat and light are a necessity, not a luxury.

“Our customers are entitled to this further cut quite simply because wholesale oil markets continue to fall – our view is if we pay less, we’ll always aim to ensure our customers pay less too.”

The latest gas price cuts are expected to benefit more than a quarter of a million households across the UK.