Click Energy have announced they are increasing prices for a third time since September… this time by 18%.
In a move that may take many customers by surprise, electricity supplier Click Energy has announced another large increase of 18% to their tariff rate. This means Click Energy customers have faced increases to their electricity bills on the 1st September, 1st October and now 1st November.
In this blog we take a look at the latest price announcement from Click Energy and what it will mean for customers’ pockets.
What does the price increase mean for customers?
The latest price change from Click Energy will come into effect from 1st November and will mean a typical bill pay or keypad customer will have to find an extra £131 per year.
The price increase applies to the tariff unit rate only. The daily standing charge applied by Click Energy will not change. A standing charge is a fixed amount added on top of your tariff rate to cover an energy supplier’s fixed costs – to pay for supplying your house with power.
Taken together, the three price increases between September and November will mean electricity bills for Click Energy customers will have increased by 43% or around £286.
To see what difference these latest price changes will make to your bill compare electricity prices with www.powertoswitch.co.uk. We have already factored in what this price increase will mean for your electricity bill.
What Click Energy have said…
In relation to the latest price increase Click Energy have commented…
“(we are) fully aware that this is very unwelcome news to our customer base, especially in light of other recent price hikes, and as such it is not a decision we have taken lightly. That being said, current wholesale market conditions are extremely volatile and therefore we feel that this increase is necessary to reflect our ongoing costs and challenges”
Click Energy – the Company
Since Click Energy entered the electricity market around six years ago, they have grown to have over 32,000 customers which is around 3.9% of the domestic market.
Click Energy offer deals to both Bill Pay and Keypad customers.
Click Energy also operate an exclusive rewards scheme for their customers. ‘Clickbacks’ provides customers with discounts from major high-street brands and supermarkets.
Get in touch with your energy supplier
As everyone realises, we are living in uncertain times. It’s important to get in touch with your energy supplier to discuss any payment issues or concerns and help manage your account.
Even providing an up-to-date meter read can make sure your payments are accurate and up to date.
Finding a better deal…
Yes, all suppliers have been increasing prices – but not to the same degree. There is a different of over £300 between the most expensive and most competitive electricity deal in Northern Ireland.
At ‘Power to Switch’ we compare all tariffs and deals across all electricity suppliers to save you money. Switching is quick, hassle-free and means you keep more money in your pocket. You don’t even have to tell your old supplier you are leaving!!!
* based on Bill Pay and Keypad Standard rate and 3,200 kWh annual consumption