Good Energy increases gas prices but holds electricity until 2012

Renewable energy supplier Good Energy has followed the Big Six UK utilities by raising its gas prices by 9.4% but has pledged to keep its electricity tariffs unchanged until at least 2012.

The utility, which supplies 100% renewable electricity, says it hopes to keep its electricity prices the same for as long as possible and has not raised them since August 2008.

Good Energy blames changing market conditions for its increase in gas prices, which will take effect from September 6. But the company points out that it is their first price rise since November 2008.

“We’ve been able to hold our prices partly due to improvements in our weather forecasting techniques enhancing our ability to trade renewable electricity more efficiently, and because of the investments we’ve made in developing new sources of green energy, such as our wind farm in Cornwall,” says Good Energy’s founder and CEO Juliet Davenport.

She says that the company is proof that a decentralised energy supply can provide resilience against price volatility resulting from reliance on foreign imports.

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Related stories:
UK domestic energy use up 18% since 1970 (22-Jul)
Scottish and Southern Energy latest utility to raise prices (21-Jul)
UK Energy Secretary Chris Huhne condemns British Gas price rise (8-Jul)
Scottish Power price hike could drive households towards energy efficiency (9-Jun)

04 August 2011