Npower increases energy prices
Soaring wholesale energy costs are the reason Npower has given for the price rises announced today. Npower today confirmed that for domestic customers electricity will rise by 12.7% and gas by 17.2%. Not good news for anyone in the New Year as I guess this is just the start of many energy suppliers increasing their prices.
Managing director of Npower’s residential business, Giuseppe Di Vita, said: ‘Today’s decision is not an easy one’.
‘We always try to protect our customers for as long as possible but sadly higher energy prices are a fact of life’.
Can’t energy suppliers decide to take on some of these increases in wholesale prices rather than just passing them off as ‘unavoidable’ and the consumer paying the cost?
This is all the other energy suppliers have been waiting for; one of them to announce price increases and the rest will soon follow suit…