On Thursday, 9th May 2013 we are increasing our prices for Pioneer tariff customers by, on average, 8.5% for gas and 9.0% for electricity. For an average dual fuel customer, this price increase equates to an extra £8.39 per month.
Last autumn, when the major suppliers increased their prices by, on average, 8.5% for gas and 8.3% for electricity, we were the only supplier to cut our electricity prices and the only supplier to promise to freeze all our prices throughout the cold winter months when consumers use most energy.
The main reasons for having to increase our prices now are the escalating costs that we are charged to transport energy, which increased by 12 per cent on 1 April, and the five per cent rise in energy costs since our last price change in November 2012.
We pledged to offer consistently competitive pricing and even after this increase we will still be competitively priced against the big suppliers’ standard tariffs. We are not increasing prices to reward financial investors, but to ensure we continue to run a sustainable business for our members. An announcement about our profit sharing distribution for members will be made on Saturday 11 May at our Annual General Meeting.