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Fairerpower is changing the price of its PAYM Fairerpower Variable tariff

9 December 2016 | News

Fairerpower today announces changes to its Pay Monthly Fairerpower Variable tariff with effect from 10th January 2017. This is due to a steady increase in wholesale commodity costs for both electricity and gas.

The change will involve an 3% decrease in our electricity unit rates and a 6% decrease in gas. At the same time Fairerpower is increasing its standing charge by £55 per year on both gas and electricity.

This will result in an average increase of £106 per year for dual fuel customers.

Following the price change, Fairerpower’s headline price for a dual fuel customer on its Pay Monthly Fairerpower Variable tariff will be £1,116 (up from £1,010) . This remains cheaper than the average of the current Big Six variable tariffs .

Since 10th June, the forward price of gas has increased by 23% and electricity by 30%. Fairerpower reviews its prices on a regular basis and has a strong track record of cost-reflective pricing and passing back savings to customers whenever possible. These principles sit at the heart of the company’s promise to customers that the deal they are getting from Fairerpower will always be fair, transparent and as competitive as possible.

The price changes take effect at 00.01 on 10 January 2017.

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