Energy firm Npower cuts gas prices

Written By Unknown on Jumat, 23 Januari 2015 | 16.50

23 January 2015 Last updated at 09:49

Energy supplier Npower is to cut its standard gas tariff in the UK by an average of 5.1% from 16 February.

It will mean the average customer on a variable tariff will save around £35 a year.

It is the largest cut announced by a supplier so far, following a significant fall in wholesale gas prices since the Autumn.

British Gas, E.On and Scottish Power have all announced price cuts within the last couple of weeks.

However, the suppliers have been criticised by consumer groups for not cutting prices more.

Wholesale prices have fallen by as much as 20% since November 2014.

But the suppliers argue that the wholesale price only makes up around half an ordinary gas bill.

"If there are further falls in wholesale prices, we will keep these under review to see if we can cut further," said Npower chief executive Paul Massara.

Supplier Change Date of change

E.On

Gas: down 3.5%

13 January

British Gas

Gas: down 5%

27 February

Scottish Power

Gas: down 4.8%

20 February

Npower

Gas: down 5.1%

16 February


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