EDF Energy cuts gas prices by 5 percent

(Reuters) - EDF Energy on Thursday moved to cut its standard gas prices by 5 percent, effective from March 24. The announcement immediately followed one by Britain's biggest utility Centrica which further cut gas prices by 5.1 percent on Thursday. "The 5 percent price reduction announced today is linked to falls in wholesale gas costs," a statement from EDF Energy said. The cut will reduce average gas bills with EDF by 31 pounds sterling and benefit 900,000 customers, the company said. (Reporting by Oleg Vukmanovic in Milan; Editing by Elaine Hardcastle)