Npower becomes third major energy company to announce price hike

A winter of discontent seems increasingly unavoidable for Brits, after NPower becomes the third major energy company to hike its prices this month.

The 10.4 per cent price hike, affecting more than three million customers, comes just days after rival companies SSE and British Gas announced similar price rises.

When British Gas announced a 9.2 per cent rise last week, prime minister David Cameron reacted by suggesting that British residents shopped around for a better deal. Yet, NPower's announcement adds to fears that the UK will experience a domino effect similar to last winter when all six major energy companies boosted prices.

Ann Robinson, who is director of consumer policy at price comparison website Uswitch, said that she feels for those who were already struggling to pay their household bills.

Speaking to standard.co.uk, she added: “Consumers will be going into winter with heavy hearts and lighter wallets. The fear is that even more will feel forced to turn down and switch off in an attempt to keep their energy bills under control.”

According to bbc.co.uk, SSE was the first major energy company to announce a price hike this year, making its customers aware of a 8.2 per cent rise in prices on October 10th. EDF, E.ON and Scottish Power have been tipped to up their prices soon.