Energy firms slash green gas prices
Green energy providers Ecotricity and Good Energy have cut their gas bills by 7% and 7.2% respectively in the wake of falling wholesale prices.
Ecotricity's reduced Green Gas tariff will save its customers an average of almost £50 a year, while Good Energy's price cut will reduce annual bills by an average of £42 - both beating the average saving that the ‘Big Six’ are offering through their gas-only price reductions.
Ecotricity founder Dale Vince said: “The 5% reductions that we’ve seen so far around the industry just aren’t enough.
"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.”
Good Energy founder Juliet Davenport said: “Our gas price drop beats all the reductions recently announced by the so-called ‘big 6’ energy companies. Wholesale market prices have been falling and it’s right that our prices for customers should reflect this.
“This latest drop means our average dual fuel bill is the lowest it has been for at least the last three years, and our gas prices are the lowest they’ve ever been.”
The price cuts come in response to numerous calls for energy suppliers to reflect falling wholesale prices.
Late last year, Good Energy produced a report which revealed that renewable energy in the form of wind and solar photovoltaics reduced the wholesale annual cost of electricity by £1.55bn in 2014.
Ecotricity, meanwhile, has recently announced a number of ambitious plans in the renewables space, including the development of three new 'hybrid' renewable energy parks, and a 'ground-breaking' new horizontal-axis windmill that can operate at half the cost of the current turbines.
Ecotricity has been at the forefront of criticism of the Conservative Government's green policy 'U-turn' with a campaign that included a '#PantsOnFire' video, mocking the Prime Minister's environmental record, which has had 41,000 hits on YouTube.