Co-operative Energy to slash energy prices

BEAT THE ENERGY PRICE CAP INCREASE - SWITCH NOW!

 
The price cap is set to rise by £117 – switch supplier to cut your bills by up to £447* & the chance to win a Fitbit (T&Cs apply).

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 1 Jul 2018 and 31 Dec 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £447 or more.

Independent energy supplier, Co-operative Energy, has announced that it will be cutting the price of energy by around three per cent from February onwards, according to an article published by Reuters.

Having entered the energy market in May of this year, Co-operative have attributed the cuts to a mild autumn - which has seen wholesale energy prices decrease.

Co-operative Energy's customer base of 16,000 will see their electricity bills decrease by 3.5 per cent and gas bills drop by 2.5 per cent on February 1, 2012.

Business development manager at Co-operative Energy, Nigel Mason, commented on the price slash.

He 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."

Rivals such as EDF Energy and SSE have said that they are reviewing their prices on a constant basis.

A spokesman for SSE revealed: "If we are in a position to reduce prices, then we will."

Due to the energy tariff rises implemented earlier in the year, Consumer Focus - a supporter of the Big Energy Week - has urged homeowners to switch suppliers to get the best possible deal.

Latest gas and electricity news brought to you by UK Power - the energy price comparison site.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.


Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more