SSE to cut British gas prices by 5.3 percent from March 29

"This latest reduction will save a typical household gas customer on our standard tariff 32 pounds a year compared with existing prices," the company said.

The move follows a similar cut from rival E.ON, which last week announced a 5.1 percent reduction in its gas prices from Feb. 1.

(Reporting By Susanna Twidale; Editing by David Goodman)