Renewable energy supplier Bulb has bucked the trend again and cut its variable dual-fuel tariff for the second time this year.
The small provider says the second price drop means customers on its gas and electricity variable tariff (its only tariff) will see an average saving of £20/year. It follows a previous reduction of 3% in April, which equated to an average saving of £30/year per household.
Bulb, which provides 100% renewable electricity, puts the price drops down to improvements in its technology and processes, as well as lower wholesale energy prices (ie, what suppliers pay for their energy).
The decision to cut the tariff price follows a raft of recent price hikes among big six and smaller suppliers, with EDF last week becoming the latest provider to up its rates.
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How does Bulb compare with other providers?
The latest price drop means Bulb customers will pay an average of £867/year. This is a mere £1 more a year than the next comparable renewable tariff, which is a 12-month fix with no exit fees.
At the time of writing, the market's cheapest non-renewable 12-month fix costs an average £850/year based on typical use.
However, these prices are based on UK-wide average usage figures so always make sure you compare what's available in your area as prices may vary.
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