npower announces cuts to standard annual gas bill of average 5.1%
The reduction means that on average the annual standard npower domestic gas tariff is now £667 per year, down from £702.(1)
This reduction has been made possible by the reduction in the wholesale price of gas, balanced against increases in transportation and distribution costs.
Paul Massara, CEO RWE npower said:
“Today’s announcement means we can get the benefits we are seeing in the wholesale market to our customers pockets as soon as possible. We have balanced this wholesale price fall against increases in the other costs we are charged. If there are further falls in wholesale prices, we will keep these under review to see if we can cut further. “