New energy supplier Co-operative Energy is to increase its prices from November 3rd by 18% for gas and 11% for electricity, in line with the majority of other energy suppliers.
The energy and gas supplier said it regretted the price increases but pointed to the fact that they had held the lower prices for longer, while the majority of major suppliers are putting their prices in October, or earlier.
Co-operative Energy’s Business Development Manager Nigel Mason said: “The last thing we want to do is put up our prices and we have held off for as long as we possibly could, but unfortunately we are affected by the same pressures as the rest of the energy industry.
“Rising wholesale prices during the winter months, rising charges for energy distribution and rising Government levies to fund national policies like renewable energy investment, are all factors driving up prices.
Co-operative Energy has 14,000 customers.