Gas & Electricity
New Year misery for households
Britain’s fourth largest energy supplier, npower, has announced that it is putting up prices from tomorrow, 5th January, 2008. The increases – an average of 17.2% or £92 for gas and 12.7% or £48 for electricity – will hit its standard tariffs, affecting almost 4.9 million customer accounts.
npower the first supplier to raise standard prices
npower has become the first supplier to raise prices on its standard energy tariffs. Prices will increase by 17.2 percent for gas and 12.7 percent for electricity.
npower price hike
Paul Schofield, head of utilities at price comparison site moneysupermarket.com, said: "The great majority of npower’s customers will be hit by this hefty price hike. It is only those select few on non-Standard tariffs who will see prices unchanged.
npower increases energy prices
npower has announced new energy prices for domestic customers, with an average increase of 12.7% for electricity and 17.2% for gas from 5 January.
moneysupermarket.com: npower's new SOL 9 tariff
Commenting on npower's new SOL 9 tariff, Scott Byrom, utilities expert at price comparison site moneysupermarket.com, said: “High users of electricity will be disappointed with the introduction of npower’s SOL 9.
More evidence that energy price hikes are not far away
Wholesale energy prices, which have been increasing steadily, caused British Gas to raise the price of its ‘tracker’ tariff last week. Today, npower followed suit by announcing that its wholesale price tracker would rise by 17 per cent for gas and 13 per cent for electricity.
moneysupermarket.com: Centrica trading statement
Commenting on today’s trading statement from Centrica, Paul Schofield, head of utilities at moneysupermarket.com, said: “Today's statement may well mark the start of the battle for the best fixed-price tariff on the market.
Millions could be hit by energy price rise misery
British Gas’ owner, Centrica, has issued its trading statement highlighting a reduction in profit margins in the second half of 2007 due to increased wholesale prices. If this continues into 2008, the energy giant has hinted that a rise in household energy prices will be inevitable.
Another energy supplier unveils price increases
A second supplier has unveiled price increases on an energy ‘tracker’ plan – npower has announced that it is putting prices up by 17% for gas and 13% for electricity from 1st January, 2008.
Don’t let energy bills burn a hole in your pocket in 2008
Household bills have a major role to play in any New Year financial detox – and none more so than energy bills as the average energy bill now stands at £912.
Energy giants keep schtum, leaving customers in the dark
Energy providers are failing to inform their customers of new cheaper tariffs, causing Brits to languish on more expensive tariffs and reaping the energy companies over £2.5bn per year, according to research from moneysupermarket.com.
Cash boost for people in fuel poverty
The Government today announced a raft of new measures totalling £2.3billion over three years for a twin onslaught on fuel poverty and home energy efficiency.
Watchdog slams prepayment meters
New research by consumer watchdog energywatch suggests that energy companies are exploiting some of the UK’s poorest households.
British Gas’ tracker goes up – is this a sign of things to come?
British Gas has announced that it is putting prices up on its Market Tracker energy plan. The increases are 13% for gas and 15% for electricity with immediate effect.
Energy bills expected to soar in the New Year
Analysts have warned that householders’ energy bills may soar by up to a fifth in the New Year as suppliers pass on a rise in wholesale gas prices.