• From The BBC:

    Energy company Npower is to cut domestic gas bills by 7% from 26 March, following price cuts by other suppliers.The company has become the fourth of the “big six” energy suppliers to announce a reduction in prices. Customers will see an average fall of £50 on their annual bill as a result of the change, the company said. Wholesale gas prices have fallen over the last year, prompting the latest flurry of cuts in domestic bills. “We always aim to offer competitive prices to our customers and we have lowered our gas prices although our profits halved in 2009,” said Kevin Miles, chief executive of Npower Retail. ChangesThe company is also making changes to its discount structure for those customers who pay by direct debit.
    For dual-fuel customers, the discount remains at £100 after 12 months using the payment system. But for gas-only customers, the discount rises from £20 to £50, and for electricity-only customers the discount doubles to £40. The announcement…

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    Posted by Jon @ 12:58 pm

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