Npower to raise energy prices by 10.4%

Energy firm Npower has become the third major supplier to announce price rises, with a dual-fuel bill to go up 10.4%.

The price rise will take effect on 1 December, and is the highest increase announced by any supplier so far.

SSE will increase prices by 8.2% from 15 November and British Gas said prices would go up by 9.2% on 23 November.

Well it’s happening again, I said when SSE raised their prices by a ridiculous amount the other energy giants would follow suit, and guess what they have not only followed suit but seem to be in direct competition with each other for who can rip-off and piss-off their customers the most.

With this announcement Npower have leapt into the lead, overtaking both British Gas and SSE, but if you announce first then you’re handing the advantage to your competitors to come in and outdo you, maybe they’ll learn their lesson for the 2014 fuel bill con-athon.

Now Npower have set the benchmark becoming the first to announce a double digit increase, they’ve really challenged the remaining three, EDF, EON and Scottish Power, who have yet to hike their prices, but who we all know will.

I for one can’t wait to see whether any of them can dig deep enough to topple the 10.4% rise by Npower, that will be tough to beat but I think one of them might do it.

And all the while the industry regulator, Ofgem, or to give it its proper name do f**k all gem, is standing idly by and just letting this happen.