Ecotricity announces cut in gas bills by 6.1%, promising average annual savings of £42

Ecotricity, Britain’s leading green energy company, has announced it will cut gas bills by 6.1% – the biggest cut in the industry – following recent falls in the wholesale gas price. The company has only one gas tariff, so the price change will affect all customers, both new and existing. It comes into effect from May 1, saving customers an average £42 a year.

Like most energy companies, Ecotricity buys its energy in advance to ensure price stability for customers, a process called hedging. The last of Ecotricity’s hedges comes to an end in April, giving the company access to lower wholesale prices that it can pass on to customers – and with further wholesale falls expected this year, Ecotricity expects to be able to pass on more savings more quickly later in 2015.

Ecotricity is the only company in Britain to offer a green gas tariff, which comes with a shale gas frack-free gas promise.

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