British Gas managing director Mark Hodges
Media playback is unsupported on your device

British Gas boss Mark Hodges: We want to be competitive

The new managing director of British Gas has told the BBC why the company is dropping its gas prices for the second time this year.

Mark Hodges said the company wanted to be competitive in a growing market.

He defended the level of the price cut, which some critics have described as "paltry", in the light of rising transmission costs.

Speaking to the BBC's John Moylan, he also explained why electricity prices were remaining frozen.

  • 15 Jul 2015
Go to next video: British Gas to cut prices by 5%