11 January 2012 BBC News

EDF Energy is to cut its typical gas bill for UK domestic customers by £38, or 5%, from 7 February.

The move, affecting 1.4 million customers, follows a sharp fall in the price of wholesale gas over the winter period due to the mild weather.

EDF increased its gas bills by 15.4% in November in response to rising wholesale gas prices.

The move to cut bills is the first by a major supplier and is likely to be followed by other energy companies.

The company did not announce any cut to the price of its electricity bills, which rose by 4.5% in November.

"What customers want more than anything else is fair, clear and transparent prices. We know they want action rather than words. That is why we are the first major supplier to announce a cut and were the last to increase prices," said Vincent de Rivaz, chief executive of EDF Energy. 

View the full article on the BBC News website.