UK Chancellor To Hold Talks Over Energy Price Hikes

UK Chancellor Alistair Darling has called for urgent talks with energy watchdog Ofgem following a hike in consumer energy bills.

Last week, npower announced it was putting up electricity prices by 12.7 percent and gas prices by 17.2 percent in response to a surge in wholesale energy prices.

But the chancellor has demanded to know why energy companies such as Npower are introducing double-digit price rises, fearing the moves could undermine the government's anti-inflation strategy, writes the Financial Times.

By staff writer