Ecotricity extends green tariff price freeze

Green energy company Ecotricity has extended its price freeze for all its customers this year. It had previously frozen its tariff from the end of last summer until April but […]

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By Priyanka Shrestha

Green energy company Ecotricity has extended its price freeze for all its customers this year.

It had previously frozen its tariff from the end of last summer until April but has now extended it until 1st October.

Ecotricity’s average dual fuel bill is currently £1,232 which is the same for all its customers, whether they pay via direct debit, cash or prepayment meter with no exit fees or penalties.

The latest announcement comes as a result of “greater energy independence after a good year for wind in 2013 and improved economies of scale after passing 100,000 customers”, it said.

The energy firm generates around 40% of the electricity it supplies from wind and solar farms that it owns.

Founder Dale Vince said: “This price freeze is about sharing our success with our customers. We had a great year for wind energy in 2013 and a big increase in people switching to us from the Big Six – and because of our unique not-for-dividend model, we can ensure it’s our customers who benefit, not shareholders.”

Yesterday Big Six energy supplier E.ON revealed its profits last year rose 26% to £296 million as a result of the prolonged cold snap at the beginning of the year.