npower reduces gas prices by 7%*
09 Mar 2010 
National / North East
npower cheaper than British Gas for gas*
npower today announced reductions in domestic gas prices for approximately 2 million standard domestic gas customers averaging 7% or £50. These cuts will take effect from 26 March 2010 and will make npower cheaper on average than British Gas for gas*
Old v New npower gas prices
| Old | New | £ | % |
Single Fuel Gas Customers | £789 | £727 | -£62 | -7.8% |
Dual Fuel Gas Customers | £761 | £707 | -£54 | -7.1% |
(Ave national prices across all payment methods – includes new MDD discount, based on Ofgem medium user consumption of 20,500 kwhs gas)
Single fuel customers who pay by monthly direct debit (MDD) will now receive larger discounts, up from £20, on their 12 month anniversary. MDD gas customers will receive £50 a year. MDD 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 9 power stations was equivalent to just 9p a day for each customer account.”
npower v British Gas ***
| npower | British Gas |
Gas (Monthly Direct Debit) | £696 | £720 |
Gas (Receipt of Bill) | £749 | £755 |
Gas (Pre-payment) | £749 | £755 |
(Ave national prices – includes new MDD discount, and Ofgem notional consumption of 20,500 kwhs gas)npower and its sister companies continue to invest in the UK with a plan to invest £10 billion over the next 10 years. Also last year under the CERT (Carbon Emissions Reduction Scheme), npower helped to insulate 345, 321 homes in Britain. We used enough loft insulation to cover the distance from London to Cape Town, with 150 miles left to see some of the sights around the World Cup.****
(ENDS)
Notes to Editors:
· * Weighted average across the npower customer base taking into account, payment method, fuel holding and region. The reduction also reflects changes made to our discount structure. Calculated using Ofgem medium user consumption figures of 20,500kwhs of gas pa.
· **All our monthly direct debit Dual Fuel customers enjoy £100 discount which they receive on the anniversary of when they first joined npower. The composition of the discount will be changed from £20 Gas, £20 Electricity, and £60 for taking both fuels and paying by monthly direct debit; to £50 Gas, £40 Electricity for paying by monthly direct debit and £10 for taking both fuels.
· *** Average national prices based on Ofgem medium user consumption figures of 20,500kwhs of gas.
· **** Calculation based upon 186,790 homes insulated in 2009 with loft insulation only: Assuming each home starts with no insulation. Average number of rolls required per household 22 (ref B&Q), each roll provides on average 2.4m in length of loft insulation.
· npower has 6.8 million gas and electricity accounts throughout the UK. npower is a market leader in renewable energy. npower juice matches green energy primarily from off-shore wind farms for juice customers at no extra cost Join the energy industry discussion on npower's interactive debating website the brighter energy debate where you can post your questions, views and comments
For more information contact:
npower has 6.5 million residential gas and
electricity accounts throughout the UK. npower is a market leader in renewable energy.
npower juice matches green energy primarily from off-shore wind farms for juice customers at no extra cost. Join the energy industry discussion on npower's interactive debating website
the brighter energy debate where you can post your questions, views and comments
We are also on twitter -
@npowerhq,
Youtube and
Facebook.