One of the UK government’s much-welcomed alternative suppliers to Britain’s Big Six – the renewable electricity company Good Energy – is to lower its gas price by an average of 3.2% and its electricity price by 2.1% for the average household customer.
For the average dual fuel user, this means a saving of £33 off their annual bill – beating the £28 average saving that the ‘Big Six’ are offering through their gas-only price reductions.
The independent energy supplier, renowned for its consistently high rankings in customer satisfaction surveys, gets all of its electricity from renewable sources. It offers the cheapest tariff of all 100% renewable electricity companies and is £23 lower than the price of Ecotricity’s average dual fuel tariff.
The price drop will take effect from 15 April and will apply to most new and existing customers.
Juliet Davenport, Good Energy founder and Chief Executive, said: “The idea behind dropping our electricity price and not just gas is to make sure as many customers as possible can benefit. It’s not just a token gesture.
“Good Energy has a good track record of keeping our prices stable for our customers; in fact this decrease will mean our average price is the cheapest it has been in more than two years.
“Our aim is to make renewable electricity an affordable choice for as many people as possible.”
Good Energy’s dual fuel tariff is cheaper on average than the standard tariffs sold by the ‘Big Six’ before discounts. Good Energy has topped the Which? energy company customer satisfaction survey three times in the last four years.