Npower cuts 5%

The energy supplier, Npower, is to cut its standard gas price by an average of 5.2 per cent.

The typical annual bill for 1.2 million customers will drop by £32.

It is the fourth major provider to reduce prices in the wake of the falling cost of oil, following moves by Eon, SSE and Scottish Power.

While Eon's price cut was effective from 1st February, Npower's customers will have to wait until 28th March for the saving.