UK supplier freezes electricity prices until 2012

Good Energy, a UK supplier that sources all its electricity from renewable energy, has pledged not to increase its electricity prices until at least 2012.

This news follows recent announcements from three of the ‘Big Six’ energy companies (British Gas, Scottish Power and Scottish and Southern Energy), who confirmed they wereà‚  raising their electricity prices by as much as 16 per cent and gas by up to 19 per cent.

The other three ‘Big Six’ (EDF Energy, E.ON and npower) are expected to announce similar price hikes in the coming months.

Good Energy, one of the UK’s small suppliers, has not raised its prices since August 2008.

Juliet Davenport, founder and CEO of Good Energy, said: “I think that Good Energy is now a great alternative to the ‘Big Six’ energy suppliers. Not only do we supply independently guaranteed 100 per cent renewable electricity and industry-leading customer service, but we’re committed to making green power accessible for everyone.

“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.

“Good Energy is proof that decentralised energy can provide the UK with resilience against price volatility caused by relying on energy imported from abroad.”

The company confirmed it is increasing its gas prices by 9.4 per cent, effective from 8 September 2011, due to changing market conditions.

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