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.
You can find out more about Co-op Energy on the supplier's website.
Like most UK energy suppliers, Co-operative Energy tariffs are subject to Ofgem's energy price cap, which sets the maximum rate suppliers can charge for average usage on their standard variable tariffs.
The cap was set at its highest ever level of £1,971 in February 2022, coming into effect in April. Co-op Energy therefore set its SVT rate at £1,968.93. This followed a price hike to £1,266.14, which ran from October 2021 to April 2022, in the wake of another price cap raise.
In February 2021, Ofgem announced it would be increasing the price cap by 9% from April 2021. In reaction to this, Co-Operative Energy prices were increased by 7% on the supplier's Co-op Flexible tariff. This translates to a £69 price rise for customers on this tariff. However, Co-op Energy prices were kept lower than the new £1,138 price cap, with a new average price of £1,032.
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.
The energy market is challenging and unpredictable at the moment and there is a certain level of risk to some suppliers - find out why in our energy market Q&A guide.
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