This is the last article you can read this month
You can read more article this month
You can read more articles this month
Sorry your limit is up for this month
Reset on:
Please help support the Morning Star by subscribing here
GERMAN-OWNED energy giant Npower followed Scottish Power, Eon and British Gas to become the latest “big six” supplier to cut prices yesterday.
The firm crept out an average 5.1 per cent reduction in bills a week after competitors shouldered the initial backlash over the meagre scale and timing of the fall.
Wholesale prices have fallen by 19 per cent since last winter — but firms have continued to pocket the difference and tot up bumper profits.
Npower customers will see the tariff changes from February 16, two weeks before British Gas and a week before Scottish Power.
Only Eon’s cuts have taken immediate effect — but that was the smallest at just 3.5 per cent.
Labour shadow energy minister Tom Greatrex said customers were “only seeing a fraction of the savings” and reiterated its pledge to force firms to pass savings in wholesale costs on in full.
