Ebico PrePay energy plan price increase
Last year Ofgem, the energy market Regulator, introduced a cap on the price that suppliers charge Pay As You Go (PAYG) meter customers. The cap is reviewed by Ofgem every 6 months and, in April this year, it was raised. This prompted many of our competitors to increase their prices in line with the cap. We, however, left our Ebico PrePay price unchanged. Unfortunately, over the last year the cost of wholesale energy has increased significantly, and we are no longer able to absorb these costs. So, from 31st August 2018, we will be increasing our Ebico PrePay energy plan price by an average 5.6% for a dual fuel customer.
We are writing to all our customer individually with their personalised new energy price and cost.
Whilst we are increasing our Ebico PrePay energy plan price, we have still managed to keep the price below the Ofgemâ€™s price cap levels.
If youâ€™re an Ebico PrePay energy plan customer, you donâ€™t need to do anything, the new prices will be applied to your meter when you top up on, or after, 31st August.