Product category:
General insurance
News Release from: Moneysupermarket.com | Subject: Fuel tariffs
Edited by the Insidemoneytalk Editorial
Team on 20 February 2007
npower re-enters the battlefield as
prices tumble across the board
Commenting on npower's cuts in both gas and electricity prices, Paul Schofield, head of utilities at moneysupermarket.com, said:
"npower has responded to last week's game of cat and mouse between British Gas and Powergen by announcing cuts to its standard tariffs as well as dual fuel tariffs, slashing 16 per cent off gas and three per cent off electricity prices" "The average npower dual fuel customer would pay around GBP8321 per year from April 30, down from around GBP9862 currently
This article was originally published on Insidemoneytalk on 6 Jun 2007 at 8.00am (UK)
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"Having been the first big provider to announce cuts a few weeks ago, npower has avoided announcing exact details of the new pricing structure, perhaps hinting it may make further tactical cuts in key areas as other energy firms attempt to get back to the top of the best buy tables.
"Disappointingly, these new prices will not take place until the end of April, more than a month after the re-pricing promised by British Gas and Powergen".
"This means consumers will pay significantly higher prices for this six week period, and in a time of historically high prices, it could be months before the savings are recouped by consumers who elect to swap to npower." moneysupermarket.com is making a stand to help these people ditch their expensive power companies and get the cheapest energy deal by offering GBP30 cash-back to all customers swapping to a dual fuel tariff through its service.
Those not going for a dual fuel tariff but changing a provider or tariff will benefit from a single GBP17.50 payment3.
moneysupermarket.com is a website where consumers can compare the cost of personal finance products and apply online.
The website has more than 25 different channels including utilities.
Visit www.moneysupermarket.com for more information.
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