About Co-op Energy
Co-op Energy is part of the Midcounties Co-operative and is partnered with Octopus Energy.
The partnership between Co-op Energy and Octopus brings together two companies that aim to offer fair pricing, simplicity and excellent customer service.
All energy tariffs offered by Co-op Energy include 100% renewable electricity as standard. The supplier's power comes from local sources all over the country which generate green energy from wind, sunshine and water.
Co-operative price changes
In January 2020, Co-op Energy announced a 2% price cut on its standard variable tariff, in anticipation of a drop in Ofgem's energy price cap.
Co-op Energy had previously reduced prices on its Green Pioneer plan by 6% in September 2019, also in reaction to a change in the price cap rate.
In February 2019, Co-op Energy announced a 10% price rise for customers on its standard variable tariff, effective 1 April 2019. Co-Op followed many larger suppliers in raising its prices in reaction to Ofgem's price cap increase.
In February 2017, Co-op announced a price rise of 5% (£58 per year on average) for standard gas and electricity customers, effective 1 April 2017.
This price rise was the second in six months from the small supplier; in October 2016, the supplier increased prices by 3%.
Acquisition of GB Energy and Flow Energy customers
In November 2016, small energy supplier GB Energy went out of business, and Co-op Energy absorbed its 160,000 customers. In May 2018, Co-op Energy acquired Flow Energy's 130,000 customers.
Co-op energy continued to operate Flow Energy and GB Energy as separate brands until partnering with Octopus Energy in 2019, when only the Co-operative brand was retained. Customers of the smaller suppliers were transferred to Octopus Energy accounts.