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Oh Dear: Npower announces third price rise

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    Oh Dear: Npower announces third price rise

    Inflation anyone...

    http://news.bbc.co.uk/2/hi/business/5324794.stm

    'Energy company Npower has announced its third price increase for domestic customers so far this year.
    Its six million customers will face a 17.2% rise in their gas bills while electricity prices will go up 9.9% from 1 October.

    Rising wholesale energy prices, which it said had jumped 250% since 2003 and 60% in the past year, were blamed.

    The new charges will lead to an average increase of £92 a year for gas users and £36 for electricity customers. '



    Milan.

    #2
    Not on my watch they dont !

    Comment


      #3
      I can't shake off the feeling that all the utilities are manipulating the market
      How fortunate for governments that the people they administer don't think

      Comment


        #4
        So is your watch

        Originally posted by Andyw
        Not on my watch they dont !
        electric or gas-driven?
        Why not?

        Comment


          #5
          There is no competition in supply market - energy is a commodity and very high prices shifted the balance, this pretty much forces all resellers to have similar prices. There is a need for more gas and oil fields to be discovered locally - but smart Brown Stuff taxed the Northern Sea dev so much that companies begun to stop dev there, very "wise" taxation indeed.

          Comment


            #6
            Renationalisation of the utilities is the only solution ... we also need uniform salaries, no private property, and no free market. It's like christianity, once you open your heart to socialism there is no alternative.

            Comment


              #7
              But how can this be when inflation is only 2.5%?

              Mailman

              Comment


                #8
                FFS it's all under control.

                Record level of employment, lowest interest rates for 500 yrs, stable economy, we're all larfing.

                Comment


                  #9
                  If you dont like it move it.
                  What happens in General, stays in General.
                  You know what they say about assumptions!

                  Comment


                    #10
                    Originally posted by DimPrawn
                    FFS it's all under control.

                    Record level of employment, lowest interest rates for 500 yrs, stable economy, we're all larfing.
                    Well Gordon is and that's all that matters. He's the next best thing to Arthur Scargill.

                    Comment

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