Renewable energy supplier Good Energy has announced it is to raise its domestic gas and electricity prices by 2.2%.
The changes, which will see householders’ dual fuel bill rise from £1,173 to £1,199 a year, will come into effect from April 2nd this year.
The energy firm blamed the rise on the “costs of electricity transmission, renewables and smart metering programme for gas and electricity”, which it claims are all increasing.
Juliet Davenport, Chief Executive and Founder of Good Energy said despite the increase, the firm’s dual fuel tariff is “cheaper than the standard tariffs offered by the Big Six, excluding discounts”.
She added: “We’ve been working hard to improve our electricity forecasting and trading, which has meant we’ve been able to reduce the amount we spend on power purchase. At the same time, the excellent performance of our Delabole Wind Farm has helped us further control the amount we need to spend.
“However, this has been countered by some of the other costs we incur in supplying gas and electricity to our customers which will rise at the beginning of April and we need to reflect this in our prices.”
The price rise will affect under 125,000 dual fuel customers.
Ofgem has today told the Big Six energy companies to pay back £400 million to former customers.