First energy price cut of 2017 as Bulb cuts tariff by 2.5%
Commenting on the news that renewable energy supplier Bulb is to reduce its standard variable tariff by 2.5% from Monday (24 April), Claire Osborne, energy expert at Uswitch.com, 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 £888 a year – £249 cheaper than the average big six standard plan and the cheapest green plan on the market.
“Big six customers have not only endured eye-watering standard tariff price hikes this year, but they’ve also seen the cheapest deals replaced with more expensive plans. Bulb’s cut is the first price reduction this year, laying down the gauntlet for others in the market to follow suit now that wholesale prices are starting to fall.
“Bulb’s price cut shows how a competitive market can work, proving that competition – not heavy handed market intervention – is the most effective way to drive down prices for consumers.”
FOR MORE INFORMATION
Jason Wakeford
Phone: 0203 872 5612
Email: jason.wakeford@uswitch.com
Twitter: @UswitchPR
About us
It’s all about “U”!
Thank you for indulging us over the last 20 years by using a small ‘u’ and a big ‘S’ when writing about our brand in your articles.
We are delighted to let you know that you are now off the hook - it’s big U’s all the way (and small s’s) as we undertake our biggest ever rebrand - so let your autocorrect go wild!
About Uswitch
Uswitch is the UK’s top comparison website for home services switching. Launched in September 2000, we help consumers save money on their gas, electricity, broadband, mobile, TV, and financial services products and get more of what matters to them. Last year we saved consumers over £373 million on their energy bills alone.
Uswitch is part of RVU, a new business that also owns Money.co.uk and Bankrate.
If you would no longer like to receive our press releases please email prteam@uswitch.com with 'unsubscribe'.