Consumers are being urged to compare energy providers following npower's announcement of their planned price hikes to take effect at the beginning of the New Year.
From 4th January npower consumers with a dual fuel policy will see their bill rise to £1,261 from £1,196, following the five percent increase for gas and electricity.
This is set to affect around 6.2 million customers and does not include those already suffering from the other three major suppliers who have increased their rates.
ScottishPower increased its rates on 25th November - Scottish and Southern Energy's increased prices took effect from 1st December, while British Gas customers saw their bills increase from 1th December.
Compare Energy Providers
If you are facing a higher than expected energy bill due to your provider increasing their tariff you should compare the market to take advantage of a better deal.
Money Maxim offers households an energy monitor system whereby the website will monitor the rates, and when your deal is no longer the most competitive on the market for your consumption needs will inform you so you can consider changing again.
The Moneymaxim View:
It is notable that npower have specifically excluded their most popular current tariff Sign Online 2, which is appearing towards the top of many comparisons we are currently undertaking for our customers, and this is good news for those who have decided to switch to npower in recent weeks.
However for others who are on the affected tariffs we would urge them to run their details through our energy comparison service to see whether there are savings that they could currently unlock.
Our customers who are already signed up to our free Energy Monitor service (which monitors individuals current tariff and usage against the best in the market, and alerts them if significant savings are possible) will be contacted directly if we believe that they should be checking their current arrangements.