British Gas has cut its pre-payments penalty three months sooner than expected following the government announcement in the Spring Budget that prepayments customers should not pay more than those on direct debits. This is due to kick in the summer with all energy companies expected to remove the penalty by July.
The move means the four million households who pay for their energy using prepayment meters, will no longer pay more than those paying by direct debit, saving households on average around £45 a year.
