Co-op Energy to cut gas and electricity pricesEnergy bills to drop by £35 a year from Feb 2012
19 December 2011
Co-operative Energy is to cut its energy prices by around 3%.
It plans to drop gas and electricity prices from 1 February 2012 and says this will save the average household around £35 a year.
Energy price cut
Co-operative Energy is Britain's newest energy company and launched in May 2011. It has no shareholders, offers one tariff and customers are not tied into long contracts.
The price cut applies to almost all of Co-operative Energy's 16,000 customers, apart from those who joined during the company’s probationary period and are already on a cheaper tariff.
Warm weather cuts prices
Co-operative Energy spokesperson Nigel Mason said: ‘This autumn’s exceptionally mild weather has led to a drop in wholesale prices so we’re passing on those savings as soon as we possibly can.’
The company claims the price cut will make Co-operative Energy cheaper than standard tariffs from British Gas, Eon, EDF, Npower, Scottish and Southern and Scottish Power, which have all increased prices this year.
Make energy simple
Which? is calling for energy companies to offer clearer bills and simpler energy tariffs.
In June Co-operative Energy was awarded the Which? Consumer Action award for meeting key asks around transparency, clearer bills and offering a single tariff.
- Would you save cash by switching to Co-op Energy? Find out at Which? Switch
- Which? News: Energy supplier cancels planned price rise
- Find out how you can help Which? get more affordable energy for all
