Npower To Freeze Its New Prices Until 2015

Written By Unknown on Senin, 02 Desember 2013 | 14.47

'Big Six' energy provider npower, which recently raised its customer bills by more than 10%, has announced a decision to put a freeze on any more hikes until 2015.

The company's promise comes on the morning that the Government said it would take action to reduce the cost of energy bills.

Npower chief executive Paul Massara said: "We welcome today's announcement as an Important step in cutting energy costs for our domestic customers. As a result of this announcement we will reduce our bills.

"We are currently calculating how large this reduction will be, and can assure our customers that it will fully reflect the reduction in the costs to our business."

But the promise comes with a caveat - over the cost the company pays for energy sourcing and distribution.

Ms Massara said:"We don't plan to increase energy prices before Spring 2015, unless there are increases in wholesale energy costs or network charges."

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