Price

25% price increase. Seriously? Can you explain exactly how the costs of 100% renewable energy has increased so much. I just don’t follow. Can someone explain please. Cheers.

Hi @TDP - Wholesale energy prices are exactly the same regardless of the source (renewable energy costs a tiny bit more as we also have to purchase certificates proving that the energy came from a renewable source). Gas shortages means that one of the largest sources of electricity in the UK is scarce, which pushes up the price of electricity from all the other sources as there’s now less supply. Although our electricity is 100% renewable, our gas is only 10%, which is why the gas prices have risen more than the electric prices. I’ve popped in our most recent blog about this for a bit more reading material, but feel free to ask any more questions you may have here, just tag me in it by putting an @ symbol before my username.

https://bulb.co.uk/blog/energy-price-watch-changes-to-our-energy-prices-sept