npower prices up 10.4%

Energy firm npower said today that its electricity prices will rise by 9.3% and gas prices by 11.1% from December 1 - an increase to customers, on average, of 10.4%.

Clegg: Energy firms risk 'exhausting' public confidence

Deputy Prime Minister Nick Clegg has warned that energy companies risk "exhausting" public confidence if they keep raising bills.

Speaking on The Agenda with Tom Bradby, he said:

In any developed capitalist economy you can't operate in a vacuum ... Profit is what drives a lot of these things but you can't operate without public consent ...

I think they do need to be very careful that they don't sort of exhaust public consent and confidence that they're doing the right thing by these very, very significant price hikes.

– deputy prime minister nick clegg

Watch The Agenda on ITV at 10.35pm tonight

Comedians react to npower 10.4% price increase

Comedy writer Simon Blackwell and comedian David Schneider took to Twitter after npower announced it will increase the average customer's energy bill by 10.4%:

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Npower latest energy company to confirm they have to increase the number of jumpers worn by customers.

Read more on the npower price hike.

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npower: 'This is not a decision taken lightly'

Paul Massara, npower CEO, said:

I know that any increases to household bills are always unwelcome, and this is not a decision that we have taken lightly.

We will continue to take steps where we can to reduce the impact of the external influences on energy bills.

We only aim to make around 5 pence in every pound (5%) in our retail business which we feel is a fair return for delivering reliable energy to consumers and for the risks that we bear.

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