British Gas and npower freeze prices ahead of energy summit

In the lead up to the crunch meeting this afternoon between Government, the regulator Ofgem and the energy suppliers, Big Six firms British Gas and npower have beaten the competition […]

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By Tom Gibson

In the lead up to the crunch meeting this afternoon between Government, the regulator Ofgem and the energy suppliers, Big Six firms British Gas and npower have beaten the competition by promising a price freeze until next year.

npower says its prices won’t change for two winters until Spring 2013. Volker Beckers, CEO of RWE npower said: “There are many fixed price deals around currently but most charge a premium or have exit fees, unlike our commitment for this winter. For those who want protection for two winters we have a new fixed tariff available at the same price as our standard tariff.”

British Gas say they have been working closely with the independent Customer Board to develop a “Warmer Winter” package which, as well as promising not to raise prices, includes a discount for low income customers, free insulation offer and flexible payment plans.

Phil Bentley, Managing Director of British Gas, said: “With rising energy prices, hard-pressed households need extra help this winter. Our “Warmer Winter” package is a £100 million commitment helping British Gas customers get the best value for money in keeping their energy bills as low as possible.”