Third time unlucky as Bulb announces 11.1% increase
Bulb Energy is adding £102 to customer bills with a 11.1% price rise
More than 600,000 households on its standard energy tariff will pay an average of £102 more for their gas and electricity from 11th November
This is Bulb’s third price increase and the 41st from an energy supplier this year
Bulb’s only tariff will be £166 higher than the cheapest deal on the market
Households who want peace of mind this winter should protect themselves from price rises by switching to a fixed deal and save up to £482.
Bulb Energy is the latest energy supplier to increase the price of its standard dual fuel tariff. The increase of 11.1% will add £102 a year to bills and comes after a 2.8% price rise in April and 5.1% rise in August, adding a collective £170 (20%) to bills in just seven months.
Rik Smith, energy expert at Uswitch.com, says: “Customers have the huge increases in wholesale energy costs to thank for this latest hike, but that will be of little consolation to the 600,000 who will be directly hit by this news.
“This is a case of third time unlucky for Bulb customers and a sharp reminder that for peace of mind, customers should fix their energy tariff. Just as the cold weather kicks in, Bulb customers now have to face the prospect of paying an extra £102 per year for their energy.
“It’s never been more important to shop around for the best energy deal. As well as saving up to £482 a year, fixing your energy will protect you from the relentless barrage of price rises and provide much-needed peace of mind as we head into winter.”
Find out how you could save over £1,000 a year with Uswitch here.
FOR MORE INFORMATION
Ailene Barr
Phone: 020 3872 5610
Email: ailene.barr@uswitch.com
Twitter: @uswitchPR
Notes to editors
https://bulb.co.uk/blog/energy-price-watch-changes-to-our-energy-prices-sept
For full table of price rises, contact Uswitch.com.
Cheapest tariff as of 10 September 2018 is £859. £1,025 - £859 = £166
Between 1 Jan 2018 and 30 Jun 2018, at least 10% of people who switched energy supplier for both gas & electricity with Uswitch saved £482 or more
Ofgem increased the level of the prepayment meter price cap twice in 2018: by £57, effective 1 April 2018, and a further £47, effective 1 October 2018.
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