Energy firm Bulb shames Big Six providers’ exploitation of price cap by cutting its prices – as Ovo Energy announces 10% price hike. Bulb Energy has announced it is cutting its energy bills by 2 per cent, bucking the trend of major suppliers putting their prices up. The reduction will apply to Bulb’s gas prices and means a million customers will save an average of £20 a year, bringing their average annual bill down to £1,000. This is more than £250 cheaper than the new default tariffs of the largest suppliers who have all announced price hikes in the past few weeks. ‘Bulb’s renewable energy is now £250 cheaper than standard Big Six plans. Our single tariff reflects the true cost of supplying energy: when energy costs fall, we pass on those savings to our members.
This is Money 1st March 2019 read more »