Press release:

GB Energy raises prices by 30%

GB Energy Supply has confirmed it has raised standard dual fuel variable tariff prices by 30%, from £820 to £1,060 a year[1]. Commenting on the news, Claire Osborne, energy expert at, says: “This is an eye-wateringly large price hike for GB Energy’s standard variable rate customers, making this tariff almost as expensive as the average big six variable plan. The supplier has raised the price of this deal twice since July, meaning some customers will now be paying almost £300 a year more than they were just three months ago.

“Co-operative Energy was the first large supplier to increase variable prices in two years and, with GB Energy’s latest hike, we could see more providers follow suit. Rising wholesale prices are appearing to have a particular impact on medium and small suppliers, forcing many to also increase the cost of their cheapest deals.

“But there are still many competitive tariffs available on the market – for now at least – although they may not be around for long if wholesale prices continue rising. Consumers concerned about their energy bills going up, especially as we head towards winter, should shop around for fixed deals which provide protection against potential price rises.”

— ends —

Notes to editors

The increase in price for GB Energy Supply’s standard variable tariff is the second rise since July. It went from £765 to £820 on 25th July, and has now reached £1,060. The price of GB Energy Supply’s fixed tariff has also increased by £100, going from £850 to £950. Earlier this month, Co-operative Energy became the first major energy supplier to raise its standard tariff prices since 2014.

  1. Table 1: GB Energy’s recent standard variable tariff changes 
Tariff name Premium Energy Saver
Date launched 28th January 25th July 13th October
Cost £765 £820 £1,060


Average big six standard variable duel fuel plan is £1,064. 

  1. Table 2: GB Energy’s recent fixed tariff price changes
Tariff name Fixed 12 Month Diamond Fixed 12 Opal
Date launched 5th October 2016 11th October 2016
Cost £850 £950


About us

Launched in September 2000, uSwitch is an online and telephone price comparison and switching service, helping consumers get a better deal on gas, electricity, broadband, TV services, mobiles and personal finance products including mortgages, credit cards, car and home insurance. Last year we saved UK consumers over £278 million on their energy bills alone.

Customers can sign up to an account that automatically monitors the energy market and notifies them when they can move to a cheaper tariff, while broadband customers can conduct a speed test to find out how fast their broadband is and identify the best deal for their postcode.

The multi award-winning 'Switching Made Simple' app allows customers to compare energy, broadband, credit card, mobile and SIM-only deals – and uSwitch also has a UK contact centre manned by energy and broadband experts. Customers can post their latest energy bills to FREEPOST USWITCH to receive a free call back and be guided through the comparison process, or they can email with their postcode and usage details.

uSwitch is owned by ZPG, which operates some of the UK’s most trusted digital brands that help empower smarter property and household decisions including Zoopla, Money, PrimeLocation and SmartNewHomes.

If you would no longer like to receive our press releases please email with 'unsubscribe'.