Co-operative Energy is part of the well-known Midcounties Co-operative, and is committed to sharing its profits with its members.
To compare all energy suppliers including Co-operative Energy and find the cheapest tariff for you enter your post code into the green box.
Midcounties set up Co-operative Energy in 2010. Although founded by a regional co-operative, Co-operative Energy is a national business, covering the whole of England, Wales and Scotland.
The Co-operative Energy had less than 200 responses in our independent YouGov survey, so we can’t show a customer service rating.
Recent price changes from Co-operative Energy
In October 2013, Co-operative Energy announced a price rise of 4.5% for its customers, effective January 2014. New customers would see this increase with immediate effect. Just a few weeks later, in November 2013, the small supplier announced a reduction of its price rise of 2%, effectively setting the overall price rise to 2.5%.
At the time of the October price rise announcement, General Manager Ramsay Dunning stated that the rise was due to the increasing costs "associated with buying energy and getting it into customers' homes". However, Dunning also stated that, to show its committment to its customers, the supplier would effectively "go havles" on these increased costs, passing on only half of the increase and absorbing the remaining cost.
In November, Co-operative Energy released a statement along with the price reduction explaining that the move "is in response to the clear indication that the Government has given that it will remove the mandatory Energy Companies Obligation (ECO) green taxes on gas and electricity bills."
However, consumers should be aware that the energy provider may reverse course yet again: "If ultimately we have misread the signals and social taxes remain in place for next year we will have no alternative but to review this decision but at least our customers will have benefited over the difficult winter months."
Why we like Co-operative Energy
The Co-operative Group may be better known for food and banking, but Co-operative Energy offers gas and electricity tariffs to compete with the 'big six'.
Co-operative Energy's main difference is that it is owned by the customers rather than shareholders, who in turn take a share of the profits.
The Co-operative Energy is also actively engaged with where their energy comes from, and try to ensure the gas and electricity they source contains less than half the carbon content of the national average.
Co-operative Energy guarantee that their variable rate tariffs do not contain an exit penalty. They also promise to not offer better deals to new customers at the expense of existing customers.
Unlike many suppliers, they use only one unit rate for all their customers, regardless of consumption, although the cost may vary from region to region as a result of different distribution costs.
Some suppliers charge different unit rates depending on your consumption, typically with a higher charge for lower consumption, which can be confusing and rewards higher usage.
Co-operative Energy also try to ensure the amount you pay per month is fixed for as long as possible to balance winter and summer payments, and will review how much you're paying every six months.