npower price increase

Npower announced it was raising average gas tariffs by 8.8% and 9.1% for electricity on Friday afternoon. This means there will be a £9 per month rise for its 3m customers.

npower logoThe suppliers are blaming high wholesale costs for this latest bout of increases. I don’t doubt that the suppliers have a certain amount of control over this. More so, the suppliers who actually generate their own electricity.

Hours earlier, British Gas increased energy costs for 8.5m customers by 6pc, adding £80 to the average dual fuel bill. Both companies blamed rising costs largely outside their control, but with food and some mortgage costs also on an upward path there were fears about how the elderly and hard-up will cope with the latest rises.

Unions and consumer groups attacked the increases and called on the Government to take urgent action to tackle rising fuel prices. Some were critical of a 23pc rise in half-year profits at its British Gas’s residential arm to £345m.

Audrey Gallacher, Director of Energy at Consumer Focus, said “the price rises would push even more households into fuel poverty, with over six million UK households already struggling to afford their bills”.

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