Following hard on the heels from British Gas that it would be putting its gas and electricity price up from November 16th, by an extra £80 on to its typical annual dual fuel bill, which is an average increase of 6% affecting some 8.5 million customers . Its rival npower followed with an average rise of 8.8% for gas and 9.1% for electricity which will ad an extra £108 per year to its typical annual dual fuel bill affecting some 3 million customers.
They quickly buried this announcement by cleverly waiting for British Gas to announce its increases first and choosing a Friday evening to announce its decision. A Friday evening is a great time to release these kind of negative news stories as many of them simply get buried with better more appealing content.
Both companies have blamed rising wholesale energy costs largely outside their control, but consumer groups have slammed these increases that come into effect when we need our gas and power the most. With additional increases on and food and rising mortgage costs there are real fears about how the elderly and hard-up will cope with the latest prices rises this winter.
The message for energy customers can’t be any clearer, fix your bills now as there is only one way energy bills are going, and that’s up. Some consumers could save as much as £200 a year if they switched suppliers.
Currently, the cheapest energy option comes from First Utility, which operates an Internet only based energy account charging an average of £1,054 a year.
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