Good Energy drops prices by 5% - Utilities - News - Moneyfacts

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Good Energy drops prices by 5%

Good Energy drops prices by 5%

Category: Utilities

Updated: 31/12/2012
First Published: 31/07/2012

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Energy provider Good Energy has announced it is to cut its dual fuel fixed tariff prices by 5%.

This will be pleasing news to customers looking to save money on their energy bills, particularly as the weather appears to have once again taken a turn for the worse.

Aamir Baloch, director at independent price comparison service Energyhelpline.com, said: "Hard-pressed consumers will now be demanding a chain reaction of price cuts across the board.

"Customers are crying out for cheaper bills, especially after a wet and cold spring has bumped up consumption.

"Smaller suppliers like Good Energy are often nimbler and able to cut prices quickly in reaction to changes in the wholesale market. Just last month, Ovo Energy announced a 4.5 per cent price drop in its dual fuelrate, so it's clearly a trend."

Current Best Deals

Supplier

Tariff

Average Cost

Average Saving*


Scottish Power Online Energy Saver
Scottish Power


Online Energy Saver 20


£1,050


£272


Scottish Power Online Fixed Energy
Scottish Power


Online Fixed Price Energy November 2013


£1,052


£270

EDP Energy Blue Price Promise
EDF


Blue + Price Promise September 2011


£1,054


£268


Sainsburys online variable

Sainsbury's Energy


Online Variable September 2013


£1,068


£254


npower Energy online
npower


Bill Saver November 2013


£1,086


£236

* based on average dual fuel tariff costing £1,345 per year in Oct 2011 (Source: OFGEM) and adjustment of £23 for recent price drops.

Compare Gas & Electricity suppliers

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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