Co-op Energy - Price Increase 9th May 2013

musicmonkey1

I've just had a letter from Co-op energy saying that my energy prices are increasing by 15 % per unit for electricity (day rate) and 8% for gas. The electricity standing charge has gone up by 16% and the gas standing charge by 13.6%.

By anyone's standards these increases are huge. I have only recently transferred to Coop energy (having just got in before the 20th February when prices increased for new customers) so I'm not happy.

I'm in Martin's energy club but it doesn't look as though these latest price increases have been factored in to the calculation yet as it still shows a pre and post tariff for the 20th Feb. I'm sure I'll be due an email from the club very soon.

Needless to say I'll be off as soon as I can find a cheaper deal. The irony is I may well end up back with the provider I transferred from making the whole exercise a colossal waste of time.

By the way if anyone is thinking of transferring to NPower - DON'T! I had the worst customer experience I have received from any company ever. I tried transferring to them before I went to Coop energy and they managed to really mess things up. I would never use them again under any circumstances. Buyer beware.

Nada666

No, by the standards of UK energy suppliers those increases are not huge. And at least they were implemented after winter, not before.

gc_bus

I expect that we will all see vast increases in prices over the next few years. Insulate, insulate, insulate..... but then if everyone uses less then the cost per unit will have to go up to ensure the big six (et al) make enough profit.

Ecodave

Spot on gc_bus, plus another factor to throw in is self-generation. As the cost of renewables comes down, and uptake is possibly further incentivised (RHI next year?) those that fail to take action will find huge increases to their domestic fuel bills.

We really have to stop looking at the short term pain of so-and-so have put their charges up and look to the long term reduction of consumption, that is the real goal.

MillicentBystander

If only reduced consumption would mean reduced bills but we all know that isn't going to be the case in a privatised industry.