Good Energy to increase dual fuel tariff price by 2.2%

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Good Energy has announced that it will implement a price increase on its domestic dual fuel tariff.

The green energy supplier revealed on Friday (28 February) that the tariff would rise by 2.2 per cent on 2 April, seeing the average cost of energy for customers hit £1,199 per year.

Whereas the majority of energy suppliers raised their prices last winter (2013), Good Energy froze them.

Now, however, it's stated that the rising cost of electricity transmission, smart meter costs and renewable energy subsidies are behind its decision to implement an increase.

Despite the price hike, Good Energy's company chief executive and founder, Julie Davenport has stated its dual fuel tariff is cheaper than the big six's standard tariffs when discounts aren't taken into consideration.

Commenting on the rise, she went on to add: "We recognise that budgeting for energy bills has become increasingly a matter of concern for consumers.

"So we've been working hard to improve our electricity forecasting and trading, which has meant we've been able to reduce the amount we spend on power purchase. At the same time, the excellent performance of our Delabole Wind Farm has helped us further control the amount we need to spend.

"However, this has been countered by some of the other costs we incur in supplying gas and electricity to our customers which will rise at the beginning of April, and we need to reflect this in our prices," she concluded.

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