Green tariffs offer cheaper supply for consumers as savings gap widens

Consumers can save an average of £273 by switching to a green supply from a standard variable tariff (SVT) offer by the Big Six energy suppliers as the rise in renewable electricity has meant going green has never been more affordable.

These were the findings of new research by price comparison and switching site uSwitch.com, which discovered that five of the cheapest ten tariffs on the market are eco-friendly and all are at least £267 cheaper than the average big six standard variable tariff.

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The company says the average saving – up by £40 from this time last year – is a result of ‘more plentiful’ sources of renewable electricity and bio-gas that now make up an increasing proportion on the UK’s energy mix. This has led to competitive pricing and a greater choice of eco-tariffs as new suppliers promoting clean living and renewable energy enter the market and perform successfully.

The likes of Pure Planet and Bulb – one of the fastest growing independent suppliers having gone from 15,000 customers at the start of last year to more than 670,000 at present – are included in the top five cheapest green tariffs, offering an average bill price of £872 and £923 respectively.

The cheapest green energy tariff available comes in at £853 per year, compared to an average Big Six SVT which uswitch.com puts at £1,213.

Even two of the incumbent suppliers – E.On and npower – now offer green tariffs that are cheaper than their own standard plans.

Read more: Current News

By |2019-03-27T11:02:08+00:00September 4th, 2018|News, Renewable Energy, Reviews, Solar and Battery, Uncategorized, Wind|
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