The Co-op has announced a price hike for all new customers to 8.% for gas and 9% for electricity but has frozen it’s prices for existing customers. This means the average dual fuel bill has risen to £1,258 per year.
The independent supplier has frozen existing customers bills until 15th April this year.
New customers will be charged about £100 more than customers signed up before today, an opposite to predatory pricing.
The rising costs of transporting energy is said to have caused the price increase.