npower re-enters the battlefield as prices tumble across the board

Commenting on npower’s cuts in both gas and electricity prices, Paul Schofield, head of utilities at moneysupermarket.com, said: “npower has responded to last week’s game of cat and mouse between British Gas and Powergen by announcing cuts to its standard tariffs as well as dual fuel tariffs, slashing 16 per cent off gas and three per cent off electricity prices. The average npower dual fuel customer would pay around £832 per year from April 30, down from around £986 currently.

“Having been the first big provider to announce cuts a few weeks ago, npower has avoided announcing exact details of the new pricing structure, perhaps hinting it may make further tactical cuts in key areas as other energy firms attempt to get back to the top of the best buy tables.

“Disappointingly, these new prices will not take place until the end of April, more than a month after the re-pricing promised by British Gas and Powergen. This means consumers will pay significantly higher prices for this six week period, and in a time of historically high prices, it could be months before the savings are recouped by consumers who elect to swap to npower.”

moneysupermarket.com is making a stand to help these people ditch their expensive power companies and get the cheapest energy deal by offering £30 cash-back to all customers swapping to a dual fuel tariff through its service. Those not going for a dual fuel tariff but changing a provider or tariff will benefit from a single £17.50 payment.