Small supplier Bulb entered the energy market determined to do things a little differently to some of the larger suppliers, and it seems they’re continuing with that ethos.
The company boast paying customer’s exit fees when joining, supplying 100% renewable electricity (10% green gas), and having the simplicity of only one tariff on offer. Now, at a time when some of the big six are increasing their standard energy rates by up to 10%, they’re decreasing theirs by 2.5%.
2.5% cut means £889 average bill
Bulb’s decrease of 2.5% to its one and only tariff (variable rate — “vari-fair”) comes at a time when wholesale prices are beginning to fall.
Claire Osborne, energy expert at uSwitch says:
“Amidst the doom and gloom of recent price rises, this cut shows that there could be light at the end of the tunnel for energy customers.”
“Bulb raised prices by 7% in November 2016 but this cut will make its tariff £889 a year – £249 cheaper than the average big six standard plan.”
“Bulb’s cut is the first price reduction this year, laying down the gauntlet for others in the market to follow suit.”
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