Monday, 21 October 2013

Npower to put up prices by 10.4%

Source BBC News@ tienganhvui.com


Breaking news



Energy firm Npower has become the third major energy supplier to announce price rises, with a dual-fuel bill to go up 10.4%.


The price rise will take effect on 1 December, and is the highest rise announced by any supplier so far.


SSE will increase prices by 8.2% from 15 November and British Gas said prices would go up by 9.2% on 23 November.


The Npower increase includes an electricity price rise of 9.3% and a gas price rise of 11.1%.


Between August and December last year, the "big six" energy companies outlined price rises of between 6% and 10.8%.


"I know that any increases to household bills are always unwelcome, and this is not a decision that we have taken lightly. We will continue to take steps where we can to reduce the impact of the external influences on energy bills," said Paul Massara, chief executive of Npower.


The energy price increases have coincided with considerable political debate about the cost to households.


Labour leader Ed Miliband has pledged a price freeze for 20 months if his party wins the next election. But Prime Minister David Cameron branded Mr Miliband's price freeze plan as a "con", saying that he did not have control over the worldwide price of gas.





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