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 […]

SSE launches cheapest energy plan

The ‘Big Six’ suppliers in the UK are “fighting back” as SSE launched a new energy deal, believed to be the cheapest on the market. According to price comparison site uSwitch.com, SSE’s new ‘Discount Energy Bonus April 2015’ plan costs £1,134 a year, making it cheaper than First Utility’s ‘iSave v14’ at £1,150 a year. […]

Consumers urged to ‘ditch’ Big Six for better energy deal

UK consumers are being urged to “think outside the Big Six box” to get a more competitive energy deal this year. The call from price comparison site uSwitch.com comes as npower pulled its cheapest plan, meaning the five cheapest energy plans on the market now come from small suppliers. Of the Big Six suppliers, EDF […]

Language of price comparison sites ‘wrong’

The language that energy price comparison sites use is “wrong” and it doesn’t save consumers any money. That’s according to Martin Lewis, a financial journalist and creator of moneysavingexpert.com, who made the comment during a debate on energy tariffs on BBC Radio 5 live yesterday. He said: “The language of comparison sites is wrong. They […]

‘Time running out’ for cheap energy deals

Consumers are running out of time to snap up a cheap energy deal and protect themselves from the rise in prices. Price comparison site uSwitch.com made the comment after EDF Energy and First Utility pulled its cheapest tariff plans off the market. Experts have warned of energy price rises by the end of the year, […]

E.ON promises to freeze its energy prices this year

Energy provider E.ON has promised not to increase its prices this year despite claiming it made less than 2% profit in its retail section last year. Dr Tony Cocker, the supplier’s chief executive said he wants families to have “certainty and know E.ON will always be fair.” Dr Cocker said: “We will continue to spare […]

Small supplier praised for being ‘consumer-friendly’

Ovo Energy, the independent energy supplier which knocked its prices down by an average of £133 lower than Big Six tariffs, has been praised for responding so quickly to a drop in wholesale costs. uSwitch said the clever manoeuvre proved the UK market was desperately in need of smaller players as they could respond to […]

EDF pull cheapest tariff as market prepares for more price rises

EDF Energy has announced that it is withdrawing its ‘Fixed Saver 2’ and ‘Fixed Online Saver 12’ tariffs which has left the industry waiting for a fresh round of price rises. With four of the Big Six having already announced price rises in the recent months, uSwitch say the loss of the cheapest tariff could […]