One million hit by 5.3% npower bill price hike
Big Six energy supplier npower is to increase standard variable energy tariffs by 5.3% in a hike affecting around a million customers. The company, owned by Germany's Innogy, blamed rising wholesale energy prices and the costs of implementing Government policy as it announced the hike, which will come into effect on 17 June.Npower said that more than 60% of its customers - such as those on fixed tariffs or using prepayment meters - would not be affected by the change.It follows a series of hikes announced by Big Six rivals British Gas, EDF and Scottish Power and the scrapping of a customer discount by E.On that will also effectively mean higher bills.SSE is the only one yet to reveal any increase.The npower hike will see a typical dual fuel gas and electricity annual bill r...