Co-operative Energy and Ovo Energy increase pricesSmaller companies gas and electricity prices go up
11 April 2013
Energy companies Co-operative Energy and Ovo Energy announce price increases.
Co-operative Energy is increasing its gas and electricity prices for existing customers in May - with prices going up by 8.5% for gas and 9% for electricity. This takes its average dual fuel bill to £1,258 a year.
Another small supplier, Ovo Energy, has said it will increase its prices by 5.8% for new customers. The price of its dual fuel tariff will go up from £1,172 a year to £1,240 - a £68 or 5.8% increase.
If you're worried about fuel prices you can compare gas and electricity prices on Which? Switch.
Gas and electricity prices going up
In December the Office for Budget Responsibility warned that energy bills in 2013 were expected to rise above inflation.
All of the big six energy suppliers have increased prices over and above inflation over the past six months, with the average annual increase as much as £125.
Co-operative Energy said it was the only company to cut prices last winter when the big six energy providers increased theirs.
Switching energy suppliers
If you are thinking of switching energy suppliers, to take advantage of better deals, you can also find out how energy companies rank for customer satisfaction.
Before you switch suppliers you may want to find out when is the best time to switch and what your energy options are.
If you are looking to avoid fuel price surprises some energy firms are offering tariffs with guaranteed prices until a certain date.