Npower says it will not raise prices any more until spring 2015 unless wholesale costs go up.
The energy provider which raised bills by more than 10% says no more rises until 2015 – provided wholesale costs remain stable.
What reasons have been given for Npower’s previous price rises?
npower today announced its electricity and gas prices will increase by 9.3% and 11.1% respectively* from 1 December [due to] the cost of buying wholesale energy up 3% from this year.
From 4th January 2011, domestic gas and electricity tariffs will increase on average by 5% [due to] an increase of 50% in wholesale prices during the last twelve months.
npower announces price increases due to soaring wholesale costs
npower today announced plans for new energy prices for domestic customers with an average increase of 9.9% for electricity and 17.2%* for gas from 1 October … due to massive increases in wholesale costs.
npower today announced plans for new retail gas and electricity tariffs, for domestic customers, following increases in wholesale gas costs of almost 50% in the last 12 months.
As far back as Npower’s press release archive stretches, I can’t find a single incident of them raising retail prices without blaming increases in wholesale prices. Announcing that they are to stick to this policy in future amounts to a non-story, which should not be receiving acres of coverage.