Npower seem to be first in line for most of the criticism, with Ofgem reporting the commercial energy firm paid on average:
- £59.61 per megawatt-hour in 2010
- £57.32 per megawatt-hour in 2011
- £58.39 per megawatt-hour in 2012
All the while increasing retail prices by 5.1%, 7.2% and 9.1% in those same years, respectively. E.ON and EDF also found to have raised prices in spite of mostly small changes in wholesale electricity costs.
Four of the big six – British Gas, Npower, Scottish Power and SSE – have all announced price increases over the last few weeks, causing MPs to call the bosses of all the major energy players in the UK before a committee to justify such raises in bills for private and business energy consumers, subsequently Ofgem’s findings could scarcely be more timely.
Prices Raised, Cost Drop, Popularity Falls: A Bad Week for Energy Companies