Npower too hikes gas, power costs |
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Sun, 13 Nov 2005 08:05
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LONDON: Energy company Npower has announced increase in power and gas rates for domestic consumers from January 2006. Nearly six million households will be liable to pay up to 14 per cent more for electricity and nearly 15 per cent more for gas.
Npower's decision comes in the wake of other utility companies -- British Gas, Scottish Power, Powergen, EDF Energy and Scottish & Southern -- deciding to increase their respective rates for electricity and power, blaming it on the increasing wholesale price of gas.
Npower said its consumers will have to pay 61 pounds more a year for gas and 34 pounds a year for electricity. The company had last raised its rates in October 2004.
Npower, the third largest energy company in the U.K., is owned by German utility RWE. A spokesperson for the company defended the decision, saying the company had done more to keep prices lower than any of its competitors. He said since the prices were frozen in 2004, its costs per customer have gone up by 120 pounds.
The company has introduced a special winter fuel rebate of 35 pounds for those buying both electricity and gas. It also offered customers a chance to freeze their gas prices at the old British Gas rate until 2007.
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Cost of running your home to go up by £484 