09/03/2010

Npower Gas Prices Cut

Npower today announced reductions in domestic gas prices for approximately two million standard domestic gas customers averaging 7%, or £50.

These cuts will take effect from 26 March and will make npower cheaper on average than British Gas for gas.

Npower said its monthly direct debit gas customers will receive £50 a year discounts, up from £20.

Direct debit electricity customers will receive £40 for their annual discount, this is equivalent to an additional 4.8% reduction on their annual electricity bill.

Additionally npower has introduced a new discount of £10 per year for 'Dual Fuel' customers who pay on receipt of bill.

Kevin Miles, CEO of npower retail said: "We always aim to offer competitive prices to our customers and we have lowered our gas prices although our profits halved in 2009.

"The combined profit from supplying nearly 6.8 million accounts and operating nine power stations was equivalent to just 9p a day for each customer account."

Npower has 6.5 million residential gas and electricity accounts throughout the UK. The firm uses green energy primarily from off-shore wind farms.

(PR/GK)

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