(PRWEB) September 10, 2004
Npower customers are set to pay up to Â£100* per year more for their gas and electricity following price changes announced today, according to independent comparison and switching service http://www.uSwitch.com.
NpowerÂs price rise is their second this year, and means that customers are now paying up to Â£130* more than last year for their gas and electricity, with customers in the London and Seeboard regions worst hit
Â· Medium usage (gas: 20,500, elec: 3,300) dual fuel customers (paying by standard credit) can expect bills to rise by 9.8 per cent or Â£60 per year.
Â· High usage (gas: 28,000, elec: 4,950) dual fuel customers (paying by standard credit) can expect bills to rise by 9.5 per cent or Â£79 per year.
Â· Londoners are the worst hit with gas bills rising by an average 12.6 per cent (or Â£42.49 per year) and electricity bills rising by 11.7 per cent (or Â£28.40).
Tim Wolfenden, Product Manager at http://www.uSwitch.com comments:
ÂTodayÂs price rise represents the biggest one-off increase weÂve ever seen by Npower, and the second highest increase so far this year. Faced with such a significant price rise, this could be considered the Âlast strawÂ for Npower customers Â this is likely to have a significant impact on their business.
ÂLike British Gas, Npower is blaming a rise in wholesale prices for its latest round of increases. Whilst itÂs true that wholesale prices have increased, there is no consistency at the rate in which suppliers are increasing prices. And with Powergen and EDF only applying rises of between 3 Â 4 per cent, Npower has some serious explaining to do to justify these record rises to its customers.
Wolfenden continued: ÂOur advice to customers is to check the competitiveness of your supplier immediately, and look to offset rising costs now by switching away. If you remain with British Gas and your local electricity board, the likelihood is youÂre paying over 20 per cent more for your energy than you need to.Â
For more information visit http://www.uSwitch.com or call FREEPHONE 0800 093 06 07
For more information please contact:
Jennifer Evans, uSwitch.com on 0207 802 2923 or firstname.lastname@example.org
Alison Merrigan, Lansons Communications on 0207 294 3634 or email@example.com
Beverley Aujla, Lansons Communications on 020 7294 3683 or firstname.lastname@example.org
Notes to editors:
*Based on a dual fuel high user (elec: 4,950, gas: 28,000), living in London.
uSwitch.com is a free, impartial online and phone based comparison and switching service which helps consumers compare prices on gas, electricity, home telephone, digital television and personal finance products. Our aim is to help customers take advantage of the best tariffs and services on offer from every supplier. The company has developed a calculator which evaluates a number of factors including price, location, service and payment method, and advises consumers on the best deal to suit their needs.
If they chose to, consumers can switch while theyÂre online or phone customer services direct.
The service is also available via telephone, fax and post. Consumers can call on 0800 093 06 07, fax 020 7233 5933 or write to Customer Services, uSwitch.com, 10th Floor, Portland House, Stag Place, London, SW1E 5BH , with their postcode and usage details.
uSwitch.com is not a supplier but acts as an independent advisor, giving consumers an impartial view of whatÂs on offer. Unlike traditional brokers, it compares prices from all energy suppliers, not just those it has a commercial relationship with. The service is based on the most up-to-date information provided by the supplier companies and industry regulators.