Energy supplier npower became the last of the UK’s largest energy suppliers to pass a government levy cut through to consumers’ bills today.
Customers on a dual fuel tariff – for both gas and electricity – whose prices rose in December 2013 will be trimmed by an average of £50 a year from the last day of February.
Roughly 2.6 million npower customers will benefit on top of a further 500,000 who will receive the £12 rebate.
This reduction confirms a pledge from npower to slash bills if the Government cut the costs it had to pay for green levies and network charges.
Paul Massara, npower’s Chief Executive said: “This reduction is a reflection of the recent review of two government policies and their impact on household energy bills and it is a welcome start. The natural next step would be to review all the impact of all policies that add to business and household energy bills.”
He went on to add the company doesn’t plan to increase energy prices before Spring 2015 but didn’t rule this out if wholesale energy costs or network charges rise.