Energy firm warns of price rises

<p>RWE npower says energy bills are likely to go up.</p>

RWE npower has warned the cost of energy in the UK is likely to continue to rise.

The company stated that energy bills could go up by as much as £100 a year for consumers.

New chief executive of npower Paul Massara said it is an "indisputable fact" that energy bills are going to go up in the UK and stated it is time energy suppliers are open about this.

"We are very clear that we do not want to be critical of government – rather, we want to ensure customers have the facts, so that they understand that for this cost, they will get a low-carbon economy, security of supply and warm, insulated homes," he said.

Mr Massara added he wants to bring an end to the "blame game" in the energy sector that sees responsibility for the increasing cost of energy shifted on a regular basis.

Following the chief executive's comments, the share price of npower is slightly down in this morning's (July 16th) trading session.

At 08:35 BST, stocks are trading 0.13 per cent lower compared to the start of the day.

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