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17/08/2006
Powergen announce further gas and electricity price rises
Powergen has become the lastest major energy supplier to raise prices for its residential customers for a second time this year.
Powergen’s electricity and gas prices will rise by 9.7% and 18.4% respectively for affected residential customers from 21 August 2006. For affected customers, the increase is equivalent to 35p a day for a dual fuel customer.
Nick Horler, Managing Director of Powergen Retail, said: “We take today’s announcement very seriously and have fully considered its impact on our customers."
However, Adam Scorer of Energywatch has criticised the price hike: "Powergen, like all suppliers, may struggle to sustain its profits as a UK retailer, but it has a strong electricity generation business and its parent company (Eon) enjoys bumper profits from the inflated wholesale price of gas."
Over 10% of Powergen customers are unaffected by this announcement as they are currently on capped or fixed price products.
(DS/SP)
Powergen’s electricity and gas prices will rise by 9.7% and 18.4% respectively for affected residential customers from 21 August 2006. For affected customers, the increase is equivalent to 35p a day for a dual fuel customer.
Nick Horler, Managing Director of Powergen Retail, said: “We take today’s announcement very seriously and have fully considered its impact on our customers."
However, Adam Scorer of Energywatch has criticised the price hike: "Powergen, like all suppliers, may struggle to sustain its profits as a UK retailer, but it has a strong electricity generation business and its parent company (Eon) enjoys bumper profits from the inflated wholesale price of gas."
Over 10% of Powergen customers are unaffected by this announcement as they are currently on capped or fixed price products.
(DS/SP)
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Northern Ireland WeatherToday:A cloudy day with outbreaks of mainly light rain at times, although there may be the odd heavier burst. Driest in the south and east during the afternoon. Moderate southwesterly winds. Maximum temperature 11 °C.Tonight:Staying cloudy throughout the evening and overnight period with a little rain or drizzle at times. Mild overnight with light winds. Minimum temperature 7 °C.
