BLOG

10 million energy customers will be charged an extra £1 billion from 1 April with the Big 6 energy companies

Thursday, 1 April 20213 minute read
Energy Industry

The average household could save £145 by switching to renewable electricity and carbon offset gas with Pure Planet

  • All Big 6 energy suppliers are hiking their standard variable tariff prices by 9% to exactly the same amount £1,138* from 1 April
  • Fuel price rises will see 10 million households on the old energy companies’ variable tariffs pay at least £96 more on energy bills — almost £1 billion more between them
  • Older people will be hit hardest by the price hike as new research shows millions don’t know how to switch supplier
  • The average household could save £145 by switching to renewable electricity and carbon offset gas with Pure Planet

On 1 April 2021, British Gas, EDF, e.on, npower, Scottish Power, and SSE will raise their prices by 9% for those on standard variable tariffs to the limit of Ofgem’s new price cap.

The price hikes mean standard variable rate tariffs will all climb £96 to £1,138 a year for an average bill, the maximum amount which can be charged.

It means 10 million people across the UK will see their annual bills increase by £928 million in total — the equivalent of 30,000 nurses salaries or building and equipping 10 new hospitals.

All Pure Planet’s tariffs provide our Members with 100% renewable electricity and 100% carbon offset gas with zero markup as standard. A typical bill with the green digital-only firm costs just £993 per year – £145 less than the price cap and the £1,138 the Big Six will charge from April 1.

New research from Pure Planet found older people are more likely to be hit hardest by the price rise because they are less likely to switch energy suppliers. Almost half (41%) of over 55s won’t switch because they say they like their current provider.

The research also found that nearly one in 10 households (7%) say they “don’t know how to switch suppliers” — 2 million of the UK’s 28 million households.

At Pure Planet we’re launching our #NoExcuses campaign encouraging families to have open conversations about their current approaches to sustainability, to share their tech knowledge to make more sustainable choices together and to pool their resources to live more sustainably.

Don’t forget that Pure Planet members currently earn £25 Amazon vouchers for each of them and their friends who switch too.

Here’s a table of the Big 6’s bulging bills

*Based on annual cost of Ofgem national average medium user of 3,100 kWh of electricity and 12,000 kWh of gas paying by direct debit. £1,138 price cap takes effect 1 April 2021 for a medium user, dual fuel profile on a standard variable tariff paying by direct debit.

Phil
Commercial Director