The dust has barely settled on the British Gas price rise debacle last week, but now fellow big six member Npower has revealed a 10.4% increase in its energy prices, piling further misery on consumers.
The increase is set to add over £130 to millions of Npower customers’ annual dual fuel bill.
Jeremy Cryer, energy spokesperson at price comparison website Gocompare.com, said: “The floodgates have well and truly been opened, and with Npower’s price rise now confirmed, we’re half way towards a full-house of price rises from the big six energy providers.
“Winter price hikes are unwelcome, yet unfortunately entirely predictable. But it’s not over yet, and Scottish Power, E.ON and EDF will surely reveal their price hikes soon too."
Fixed-price tariffs have the potential to be a great way to beat the energy firms, and it’s surprisingly easy to switch.
Cryer said: "There are dual fuel tariffs available at the moment from EDF and Scottish Power that are fixed until March 2017 and January 2017 respectively, and many others that allow you to fix well into 2015. Fixing, particularly in the long-term, can be a gamble as you won’t benefit if any price reductions are introduced, but if you’re after consistent energy bills these sorts of tariffs mean that you needn’t worry about further price hikes for some time.
“Comparing tariffs from the big six energy companies, and the multitudes of other energy suppliers available, takes just minutes using a price comparison site, so it’s disheartening that just 14% of people have switched energy in the last year. These winter price hikes are further proof, if it were needed, that the best way to take control of how much you spend on gas and electricity is to shop around regularly.”