NPower to raise Electric charges by 15%, Gas by 4.9%

Well Npower certainly going to screw customers with this rise, how can they justify so big an increase in charges? I like how it says will only hit about 50% of customers as there are those in fixed rates who it won't affect. Till their fixed term is up of course.

http://www.bbc.co.uk/news/business-38852517

Its a free country, we do not have price regulation.

They have competition from large and small companies, some are able to generate their own electricity via solar, wind and diesel.

I signed a 2 year fixed contract a few months ago.

Its a free country, we do not have price regulation.

 

They have competition from large and small companies, some are able to generate their own electricity via solar, wind and diesel.

 

I signed a 2 year fixed contract a few months ago.

Yes but when you are due for a new one, like myself on a fixed tariff then it will go up when you renew and you can bet that there will be another increase next year. It is pure greed on these companies part, utilities should never be in private hands, they should be run by the Government not foreign owners.

Yes but when you are due for a new one, like myself on a fixed tariff then it will go up when you renew and you can bet that there will be another increase next year. It is pure greed on these companies part, utilities should never be in private hands, they should be run by the Government not foreign owners.

The utilities companies are at least in direct competition. If npower raise prices then you can go elsewhere to a supplier who is cheaper of which there are many. Those on a fixed rate contract can leave the moment their fixed price is over rather than moving onto a more expensive rate.

However, it's funny how prices go up when wholesale costs increase but never seem to come down when they drop...

Yes but when you are due for a new one, like myself on a fixed tariff then it will go up when you renew and you can bet that there will be another increase next year. It is pure greed on these companies part, utilities should never be in private hands, they should be run by the Government not foreign owners.

Ebico is UK's first not-for-profit gas and electricity provider, why not try them?

They may not be the cheapest, would that put you off?

https://ebico.org.uk/

Ebico is UK's first not-for-profit gas and electricity provider, why not try them?

 

They may not be the cheapest, would that put you off?

 

https://ebico.org.uk/

I changed suppliers a few weeks ago but if I'd known about ebico I'd have switched to them instead...

Yes but when you are due for a new one, like myself on a fixed tariff then it will go up when you renew and you can bet that there will be another increase next year. It is pure greed on these companies part, utilities should never be in private hands, they should be run by the Government not foreign owners.

Shop around and switch..lots of cheaper ones out there..

Far be it from me to point out that warnings were made about prices rising due to BREXIT! The fall in the value of the pound means costs are going up considerably. It's called inflation, and we will be seeing much, much more of it over the next 3-5 years as well as interest rate rises.

We import most of our energy including the materials to power our electricity generation.

https://www.goodenergy.co.uk/blog/2016/10/01/where-does-uk-energy-come-from/

And then we top that up with electricity imports. We import a fair bit of our electricity supply from France and The Netherlands.

Latest Statistics

Since Q1 2010, the UK has been a net importer of electricity. Total net imports in Q2 2014, were

5.1 TWh, the highest levels reported in the quarterly time series and accounted for 6 per cent of total electricity supply. Net imports accounted for their greatest share of electricity supply reflecting both higher imports and lower UK generation. In Q2 2014, 78.8 TWh of electricity was generated bin the UK, this was 6 per cent lower than the levels in the same period during 2013, and the lowest levels recorded in the quarterly time series.

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/357534/Imports__exports_and_transfers_of_electricity.pdf

We also import about 30% of our gas from Norway, Quatar and The Netherlands.

http://visual.ons.gov.uk/uk-energy-how-much-what-type-and-where-from/

Ebico is UK's first not-for-profit gas and electricity provider, why not try them?

 

They may not be the cheapest, would that put you off?

 

https://ebico.org.uk/

Will look next year when my fixed term is up if I have not emigrated to the sunshine.

afaik npower has bought its energy already in advance on the wholesale market so shouldn't be increasing prices yet at least that's seems to be what Ofcom thinks

Yes. I'm aware this had already been said, but do please everybody currently on npower go to uswitch.com and switch to somebody else. It's not remotely difficult.

Failing that shop around yourself. Pretty much everybody is cheaper than the big 6.

---------- Post added 03-02-2017 at 15:33 ----------

Also, notice that gas is only going up by 5% but electricity by 15%.

Why do we suppose that might be?

I have joined Moneysaving Expert.com Cheap energy club.(no cost for joining)

Really excellent! as soon as a deal comes along that will save you at least £250pa they Email you with an alert.If you switch early with a penalty for doing so, they claw back half the fee on most deals. I have switched seamlessly twice in the last 8 months and am saving a small fortune for doing so!.......well over 2million members can't be wrong!