The latest price rise announcement from npower sees the big six supplier increasing its standard variable tariff rates to £1,254, the new level of energy regulator Ofgem's price cap.
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The price rise, which equates to a rise of just over 10% per year on average for around 1 million npower customers, will come into effect on 1 April 2019.
The npower price rise will affect those currently on a standard variable rate energy tariff from the big six supplier — including those who have let their fixed energy plans lapse and have been placed on npower's default tariff.
This is the third price rise in 12 months from npower:
- In January 2019, npower raised its prices for those on standard variable tariffs to the initial price cap level of £1,137
- In June 2018, npower raised its standard variable tariff dual fuel rates by 5.3%, which constituted a £64 rise for customers
What can I do about the npower price change?
If you're currently on an npower standard variable rate plan — either dual fuel, gas only or electricity only - your prices will increase by £117 from 1 April 2019.
It's always a good idea to compare the energy market on a regular basis and ensure you're on the cheapest deal possible. In the wake of the price cap increase, most suppliers (if not all of them) are likely to increase their fees over the first half of 2019, making it vital to check you're always on the best possible deal.
You can stay up to date with the latest news from the energy market here and compare energy deals to find the cheapest rate for you.
Which suppliers have raised their prices in 2019?
npower became the third big six supplier to announce a price rise for 2019, after EDF and E.ON announced price rises to bring their SVT rates up to the new price cap limit.
You can read about previous price changes from the big six below:
Will npower raise prices again in 2019?
It's difficult to predict how any energy company will act when it comes to raising or freezing its prices.
However, with the price cap due to be reviewed again in 2019, there's a strong chance that any increase or decrease in it will be reflected by suppliers also revising their prices to match.
If you have been affected by an energy price rise, then run a energy comparison to see if you can save on your bills.