Ecotricity reduce tariff by more than 'Big Six'
The cut, which is set to take effect on April 1, will affect the green energy firm’s Green Gas tariff, the only price plan offered by the company, meaning all customers will benefit from the change in rate, while the firm is calling for all energy providers to better reflect reductions in their own costs as a result of falling wholesale prices.
Dale Vince, Ecotricity founder, believes the seven per cent cut more accurately represents the fall in wholesale costs, stating that the company is “pleased” to be able to reduce customers’ energy bills.
“The 5% reductions that we’ve seen so far around the industry just aren’t enough. It’s all of our customers who’ll get this reduction, too – no matter when they joined us or how they choose to pay; that’s part of our ethical approach – one tariff and one price for everybody. We think that’s how it should be,” he said.
“A new kind of gas is entering the energy market, the green kind – and it’s the genuine alternative to fracking in Britain. Oil prices have fallen, so we’re seeing reductions in gas prices across the industry now – but one thing is for sure, they’ll go up again.
“It’s only by making our own green gas in Britain that we can keep energy bills affordable in the long term by creating energy independence – and we won’t need to frack the countryside to get our gas.”
Ecotricity has also pledged not to use fracking as a means to procure its energy, with the company confirming it will use its own Green Gas Mills, which produces the clean gas from grass.
The ‘Big Six’ of E.ON, ScottishPower, SSE, npower, British Gas and EDF have all announced annual reductions of between 5 and 5.4 per cent in their energy tariffs over the last 22 days.
