Switch to a renewable energy company and save! - Utilities - News - Moneyfacts


Switch to a renewable energy company and save!

Switch to a renewable energy company and save!

Category: Utilities

Updated: 01/05/2014
First Published: 27/09/2011

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 It is now over 6 months old so the content may be out of date.

"It's not that easy being green", the saying goes.

We all know that green energy is preferable to electricity and gas sourced from unsustainable fuels. But we also know that environmentally friendly energy is probably going to be more expensive than the cheapest energy tariffs as well.

While it's true that you will pay more for green energy, than for the very best tariffs on the market, there's still an opportunity for you to save and be green.

A renewable energy company may not be the cheapest – but you could still save
The recent energy price rises (last winter and this autumn) mean that standard and variable tariffs have gone up substantially in less than 12 months. If you haven't changed tariffs for a while, it should still be possible to save money and switch to a renewable energy company.
After all energy price rises take effect, a typical standard tariff will cost between £1,200 and £1,300 per year. The best priced tariff from a renewable energy company currently costs £1,050 per year.

The best green energy tariffs
Good price and green principles – can't be bad can it? Here are the best green tariffs currently available (the tariffs highlighted in green are certified green by the energy regulator, Ofgem):

Supplier Tariff Cost
Ovo New Energy Fixed £1,050
Ovo Green Energy Fixed £1,102
EDF Green £1,178
npower / National Trust Juice / Green Energy £1,188
M&S Standard (NSC) £1,189
British Gas Energyshare £1,218
ScottishPower Simply Green Online £1,228
EON GoGreen £1,239
SSE oplan £1,251
Ecotricity New Energy + Green Gas £1,299
Good Energy Good Energy & Gas+ £1,310

SOURCE: EnergyHelpline 23.9.11
Cost for a yearly bill based on average usage figures from Ofgem across the UK, paying by monthly direct debit.

Green energy or the cheapest energy?
Like we said earlier, the very cheapest tariffs available are not the greenest. You will pay more for your principles. If you need to save as much as possible on your energy bill, then it may be that a green tariff is not for you.

If you're on a standard energy tariff it's very likely you can make a saving by switching. Whether through a mainstream or renewable energy company, a competitive green energy tariff can allow you to save a bit of money and still help the environment.

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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