News Burst: Virgin Energy service launched

Branson plan will save households up to £50 a year, just don't mention Virgin trains...

Net enthusiast Sir Richard Branson launches an online gas and electricity service Tuesday and promises to cut prices across the UK.

Virgin Energy is the first step in a plan to provide a range of household services over the Internet. The Internet-based company -- a joint venture between Virgin and London Electricity -- will provide gas and electricity which it claims will save British households an average of £50 per year.

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