Co-op Energy scraps standard variable tariff

Co-operative Energy has scrapped its standard variable tariff (SVT) for customers on fixed deals. They will no longer be automatically switched to its SVT when their fixed price tariff comes to an end. It instead switches them to a new fixed tariff, which has no exit fees and runs until May 2019. SVTs are considered […]

Co-op Energy announces electricity price rise

Co-op Energy is to increase its electricity prices for all customers who are on one of its variable tariffs. The price rise, which will take effect from 27th May 2014, means those customers on the Pioneer Variable 5.1 tariff – which will be replaced by Pioneer Variable 5.2 – will see their electricity bills increase […]

Ovo Energy’s immediate 5.8% price hike

Energy company Ovo Energy has announced it is increasing its gas and electricity prices by 5.8% with immediate effect. Its New Energy Fixed plan, believed to be its cheapest tariff, will add £68 to the current price – a rise from £1,172 to £1,240 a year. Its existing customers on the variable tariff will also […]

Co-op Energy announces 8.7% price hike

Energy supplier Co-op Energy has announced an 8.7% rise for its gas and electricity prices today for new customers – making it more expensive than the ‘Big Six’ firms. The move means an additional £101 to its current price, making the average dual fuel bill around £1,258 a year. The news follows its previous announcement […]

Co-op Energy shares profit with customers

Co-operative Energy is celebrating its first birthday with a profit share for its customers, giving back a total of £105,000. The electricity provider announced the dividend payout for its more than 25,000 customers today, following its annual general meeting over the weekend. As one of two payouts every year by Co-op, customers are given ‘points’ […]

Huhne meets new energy suppliers today

Energy Secretary Chris Huhne is holding a meeting with new energy suppliers today to find out what help they need to break the dominance of the Big Six, increase competition and keep energy prices for households down. Chris Huhne said: “I’m calling a summit of independent energy suppliers so the small guys have an equal […]

Big Six welcome increased competition

Big Six energy providers SSE, EDF and Npower have welcomed the announcement by Energy Secretary Chris Huhne that he’ll be holding a meeting with smaller energy producers, in order to discover ways in which to encourage wider participation in the marketplace. SSE welcomed increased competition in the market, which EDF said would be good for […]