Domestic energy on the rise again.

Wednesday 17 August 2011

On Tuesday 16th August npower announced an increase of 15.7% for gas and 7.2% for electricity on standard unit rates and will come into effect from Saturday 1st October 2011.

This week see's the fifth of the major energy suppliers put their prices up. Npower dual fuel customers will see a rise of an average of 12.2% from October. The change will take effect immediately for new customers. Npower state the increases are due to reduced quantities of North Sea gas, meaning that they need to purchase more energy on the global wholesale market, which has seen increases due to world events, along with distribution and network costs also increasing, resulting in the increases being passed onto its customers. Some tariffs are unaffected by the price changes and these include customers on Sign Online 23, Price Protector and Go Fix 7.

To find out who is offering the best deals on Gas and Electric for your home please visit our price comparison website:

www.ukpower.co.uk/?r=procuria

Along with the price increases npower have also launched a new FIXED product called Winter Fix, which replaces Price Fix 2013.

Main features of Winter Fix

• new fixed product designed to give customers the reassurance that even though their prices have gone up they can fix these new prices for the next 2 winters
• Energy prices will be fixed at npower’s new standard (off-line) prices as of 16/08/11 until 31st March 2013.
• A one off £20 per fuel Winter Fix bonus in the first year.
• An early exit fee of £20 per fuel may apply if a customer wishes to leave the product tariff before the 31st March 2013.
• Customers will be eligible for a £100 annual discount if they pay continuously by Direct Debit for a year (subject to terms & conditions)
• At the end of the fixed period customers will revert to our standard variable tariff unless they choose to be placed on another suitable npower product.
• Winter Fix is not available to pre-payment customers or customers with non-standard metering.

This just leaves EDF Energy now as the only major energy supplier that has not yet announced price rises in this latest round of increases. EDF withdrew the Fixed S@ver v2 and the Online S@ver 12 from sale on Monday 15th August but launched a new tariff Fix for 2012 offering fixed energy bills until the 31st December 2012.

All the latest prices are now showing on our price comparison website so NOW is a good time for customers to secure the best possible energy tariff's for your home.

Useful Links

(www.ukpower.co.uk/?r=procuria)

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