UK Money News
29th May 2008
npower cuts online energy tariff
npower has announced it has cut the price of online dual fuel energy plan, flying in the face of reports that energy costs are set to soar this year.
Under the new terms of the tariff, the price will be cut by £16 – bringing the average cost down from £878 to £862.
The offer comes at a time when analysts have predicted that the average fuel bill could soar to over £1,500 later this year as a result of skyrocketing wholesale energy costs.
Tim Wolfenden, head of home services at uSwitch.com, welcomed the news which he said was proof that "we still have a competitive market [for energy]".
He added: "At a time of mounting energy prices and predictions that household energy bills could hit £1,327 as early as this year, a price cut is a bolt from the blue.
"But today's move provides consumers with a much needed glimmer of hope. This is all about goodwill and winning over new customers."
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