Third Price Hike for Powergen Sees Them Slip Down the Tables on Price

Share Article

Powergen customers face further bad news following todayÂ?s announcement by the company that they will increase gas and electricity prices by up to 10.2 per cent on some of its products. This is the third price hike by Powergen in less than a year.

Powergen customers face further bad news following today’s announcement by the company that they will increase gas and electricity prices by up to 10.2 per cent on some of its products. This is the third price hike by Powergen in less than a year.

Existing customers can expect the new tariffs come into effect from the 29th November 2004. Electricity customers face an average increase of 8.9 per cent or £23 per year while gas customers face rises of 9.6 per cent or £32 per year. Dual fuel customers can expect bills to rise by an average 9.3 per cent or £54 per year, and online customers will see an average increase of 10.2 per cent or £52 per year. Customers on Powergen’s Age Concern tariff will remain unaffected.

Neil Ranatunga, Energy Analyst at http://www.uSwitch.com comments: “Powergen has gone for the softly, softly approach to price hikes, rather than one large leap as seen by British Gas earlier this year. This has done well to combat negative press coverage as the headline figures have been lower, however today’s price hike does bring them inline with record increases introduced earlier this year by the likes of British Gas and EDF Energy.

It’s imperative that customers shop around now and not wait until they receive their bill. Despite recent price hikes across all suppliers, there are still good deals to be had, which customers should look to take advantage of now.

Regardless of Powergen’s price changes, their Age Concern and Online plans remain competitive.”

For more information visit http://www.uSwitch.com or call 0800 093 06 07

For more information you can also contact:

Jennifer Evans, http://www.uSwitch.com on 0207 802 2923 or jenniferevans@uswitch.com

Alison Merrigan, Lansons Communications on 0207 294 3634 or alisonm@lansons.com

Francesca Pattison, Lansons Communications on 020 7294 3638 or beverleya@lansons.com

# # #

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Rebecca Ford
Visit website