News: Npower cut their gas bills by 7% and I blow my own trumpet
If you needed proof that I know what I’m talking about, which of course you don’t, Npower have today announced that they are to cut their gas bills by 7%.
If you have been reading this blog from day one you may remember that on 4th Feb 2010 the ‘Headline of the Day’ was that British Gas had cut their gas bills by 7%. While some people may have been inclined to switch gas supplier on that piece of news, anyone who read my post Lunchtime Money Makeover – Top 6 ways to reduce your energy bills, would have learned that it doesn’t always pay to be hasty.
In particular, I offered the following warning ……………, in future when you read something in the press about a supplier cutting their rates don’t always rush to change your energy suppliers immediately . A lot of the advertised deductions are on their expensive tariffs but perhaps more importantly when one supplier makes cuts it inevitably forces their competitors to do so as well. So wait for the dust to settle before looking to move.
So while I don't like to say I told you so.......well......I told you so.
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