Edward Davey statement on Npower price increase
Edward Davey, Secretary of State for Energy, responds to Npower's announcement regarding the rise of their energy tariffs
Energy and Climate Change Secretary Edward Davey said:
“This is another disappointing announcement from a big energy company. Some of the Big 6 seem not to have noticed that they are no longer alone in the market – there are now fifteen small suppliers, and some really competitive fixed deals out there.
“Today I’m publishing hard figures on the costs energy companies really face in delivering the Energy Company Obligation (ECO), so consumers can see what this scheme is really costing energy companies.
“These figures – supplied by the energy companies themselves – show that the costs are in line with previous schemes so there should be no need for any increase to consumer bills due to ECO.”
Notes for editors:
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Today DECC has published hard figures on the cost of delivering ECO, based on information from the companies themselves. These figures show that the costs of ECO so far are very much in line with the Government’s own estimates of around £1.3 billion per year.
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On these estimates, the cost to households should be around £47 on average this year – broadly in line with the costs of previous schemes.
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This means there should be no need for any increase to consumer bills.