Tuesday, September 12, 2006
More Engery Price Hikes! – Inflation still at 2.5% though!!!
CONSUMERS have been warned they face another round of energy price hikes before the end of the year, after Npower last week became the first supplier to raise bills for a third time, writes Ali Hussain. Other big suppliers, such as EDF and Scottish Power, have raised prices only twice this year and are expected to follow Npower’s lead. Paul Green, chief executive of Energyhelpline.com, said: “We’ve had two rounds of price rises so far this year, and there’ll be another one before the end of this year and going into the next one.” From October 1, Npower’s 6.3m customers will see gas bills increase by 17.2% while electricity bills will go up by 9.9%, bringing the average energy bill up to £1,008 a year. Customers have seen fuel costs rise 50% this year.