Gocompare.com: No one should be fuelled by npower cut

Mark Greening, Head of Utilities for leading comparison website Gocompare.com, comments on npower's announcement of a 7 per cent cut in gas prices.

"While it is always good for customers to see providers reducing rates, this current round of cuts is beginning to look a little uninspiring.  British Gas led the way in January with a 10 per cent cut but they are the dominant player in the market and it now looks like the remaining providers are simply falling into line by delivering underwhelming single digit price cuts. 

"It is pretty cynical looking stuff in terms of timing - npower's cut comes into force on 26th March, just a couple of days before British Summertime officially begins, on Sunday 28th March.  So while npower customers who have shivered through the last few months will get a slight reduction on their bills in the spring and summer months, they will receive precious little help with the biggest winter bills.

"With the current round of cuts likely now to be locked in at around 4 to 7 per cent, it looks like consumers will get more joy by switching rather than staying loyal.  Gas and electricity customers who use Gocompare to take advantage of the best online tariffs save an average of £285.37 per year.