Co-op cuts gas and electricity prices

Co-operative Energy is to cut its energy prices by around 3%.

It plans to drop gas and electricity prices from 1 February 2012 and says this will save the average household around £35 a year.

Energy price cut

Co-operative Energy is Britain's newest energy company and launched in May 2011. It has no shareholders, offers one tariff and customers are not tied into long contracts.
The price cut applies to almost all of Co-operative Energy's 16,000 customers, apart from those who joined during the company’s probationary period and are already on a cheaper tariff.

Warm weather cuts prices

Co-operative Energy spokesperson Nigel Mason 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.’
The company claims the price cut will make Co-operative Energy cheaper than standard tariffs from British Gas, Eon, EDF, Npower, Scottish and Southern and Scottish Power, which have all increased prices this year.

20/12/2011 - Which?