Energy giant E.ON to cut average gas price by 5.1%

Energy giant E.ON is to cut its standard gas price by an average of 5.1% and has launched what it claims is the cheapest fixed tariff on the market.

The February 1 cut, which it says is the equivalent of £32 off an average annual gas bill, comes after all the big energy companies have faced mounting criticism for failing to pass on falling wholesale prices to consumers.

E.ON said the new tariff - a one year fixed dual fuel deal with an average annual price of £783 - would be "Britain's cheapest energy tariff available today".