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Press Centre

Southend Energy Press Centre

Welcome to Southend Energy press centre. Please find our latest press releases below.

6th June 2017: SOUTHEND ENERGY’S PRICE DECREASE AFFECTING NEW & RENEWING CUSTOMERS

PRICING STATEMENT

SOUTHEND ENERGY’S PRICE DECREASE AFFECTING NEW & RENEWING CUSTOMERS

06 JUNE 2017: Following a downward shift in wholesale commodity costs, Southend Energy today announced a 2.6% (£25) and 2.7% (£28) decrease on its Fixed and Greener tariffs [1] respectively. The move will affect all new and renewing customers signing up to Southend Energy’s 12 month pay-monthly Fixed and Greener tariffs and is largely a reflection of a 6.9% reduction in gas and 20.7% reduction in electricity costs since November.

Following the price decrease, Southend Energy’s price for a dual fuel customer will now be £948 [2] on Fixed and £1,003 on Greener.

Southend Energy reviews its prices on a regular basis, passing back savings to customers whenever possible and this price change largely reflects movement in the cost of supplying energy to its customers over time. This cost reflective pricing sits at the heart of the company’s promise to customers that the deal they are getting from Southend Energy will always be fair, transparent and as competitive as possible.

The increase takes effect at 00.01 on 06 June 2017.

 

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Notes:

Today’s price increase is on Southend Energy’s Fixed and Greener pay-monthly energy plans. Southend Energy’s Standard Variable and PAYG (pre-payment) tariffs will not change at this time.  

Price comparisons are made using Southend Energy’s cheapest non-Economy 7 dual-fuel tariff at the relevant time (including all available discounts, paying by direct debit in advance and averaged over all available regions) compared to an average of the Big Six Standard Variable dual-fuel tariffs (excluding online discounts, using a variety of payment methods including direct debit and averaged over all available regions).

The “Big Six” are E.ON, SSE, British Gas, Scottish Power, Npower and EDF.

 

[1]  Compared to our current average medium use non-Economy 7, Fixed and Greener tariffs respectively.

[2] £948 is the annual cost of Southend Energy’s Fixed 12-month energy plan and £1,003 is the annual cost of Southend Energy’s Greener 12-month fixed energy plan for a dual-fuel medium user (3,100 kWh electricity, 12,500 kWh gas) paying via any payment method, including VAT, when averaged over the regions in which that tariff is available. Effective 06/06/2017.

 

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21st November 2016: SOUTHEND ENERGY’S VARIABLE PRICE INCREASE AFFECTING NEW & RENEWING CUSTOMERS

21st November 2016: Southend Energy today announces changes to its Southend Energy 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 a 20% increase in our electricity unit rates. At the same time Southend Energy is decreasing its standing charge by £12 per year on both gas and electricity to align our variable tariff to the rest of our Pay Monthly fixed tariffs.


This will result in an average increase of £71 per year for dual fuel customers. 


Following the price change, Southend Energy’s headline price for a dual fuel customer on its Pay Monthly variable tariff will be £1,035 (up from £964). 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%. Southend Energy 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 Southend Energy 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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[1]All workings are based on OFGEM annual average consumption for dual fuel customers. These may vary by region reflecting the cost of distributing energy to different regions.
[2]This based on an average Big Six variable tariff of £1060.56 as at 17 November 2016. 

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4th November 2016: SOUTHEND ENERGY’S PRICE INCREASE AFFECTING NEW & RENEWING CUSTOMERS

PRICING STATEMENT

SOUTHEND ENERGY’S PRICE INCREASE AFFECTING NEW & RENEWING CUSTOMERS

04 NOVEMBER 2016: Following an upward shift in wholesale commodity costs, Southend Energy today announced a 9% (£81) and 8.4% (£80) increase on its Fixed and Greener tariffs [1] respectively. The move will affect all new and renewing customers signing up to Southend Energy’s 12 month pay-monthly Fixed and Greener tariffs and is largely a reflection of a 32% uplift in gas and 40% uplift in electricity costs since June.

Following the price increase, Southend Energy’s price for a dual fuel customer will now be £973 [2] on Fixed and £1,031 on Greener.

Southend Energy reviews its prices on a regular basis, passing back savings to customers whenever possible and this price change largely reflects movement in the cost of supplying energy to its customers over time. This cost reflective pricing sits at the heart of the company’s promise to customers that the deal they are getting from Southend Energy will always be fair, transparent and as competitive as possible.

The increase takes effect at 00.01 on 04 November 2016.

 

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Notes:

Today’s price increase is on Southend Energy’s Fixed and Greener pay-monthly energy plans. Southend Energy’s Standard Variable and PAYG (pre-payment) tariffs will not change at this time.  

Price comparisons are made using Southend Energy’s cheapest non-Economy 7 dual-fuel tariff at the relevant time (including all available discounts, paying by direct debit in advance and averaged over all available regions) compared to an average of the Big Six Standard Variable dual-fuel tariffs (excluding online discounts, using a variety of payment methods including direct debit and averaged over all available regions).

The “Big Six” are E.ON, SSE, British Gas, Scottish Power, Npower and EDF.

 

[1]  Compared to our current average medium use non-Economy 7, Fixed and Greener tariffs respectively.

[2] £973 is the annual cost of Southend Energy’s Fixed 12-month energy plan and £1,031 is the annual cost of Southend Energy’s Greener 12-month fixed energy plan for a dual-fuel medium user (3100 kWh electricity, 12,500 kWh gas) paying via any payment method, including VAT, when averaged over the regions in which that tariff is available. Effective 04/11/2016.

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23rd August 2016: SOUTHEND ENERGY’S PRICE INCREASE AFFECTING NEW AND RENEWING CUSTOMERS

PRICING STATEMENT

SOUTHEND ENERGY’S PRICE INCREASE AFFECTING NEW CUSTOMERS


23 AUGUST 2016: Following an upward shift in wholesale commodity costs, Southend Energy today announced a 3.8% (£33) and 3.5% (£32) increase on its Fixed and Greener tariffs [1] respectively. The move will affect all new and renewing customers signing up to Southend Energy’s 12 month pay-monthly Fixed and Greener tariffs and is largely a reflection of an 8% uplift in gas and 8% uplift in electricity costs over the last month.

Following the price increase, Southend Energy’s price for a dual fuel customer will now be £892 [2] on Fixed and £951 on Greener.

New customers are still expected to save around £156 and £97 [3] respectively for Fixed and Greener against an average Big Six Standard Variable tariff.

Southend Energy reviews its prices on a regular basis, passing back savings to customers whenever possible and this price change largely reflects movement in the cost of supplying energy to its customers over time. This cost reflective pricing sits at the heart of the company’s promise to customers that the deal they are getting from Southend Energy will always be fair, transparent and as competitive as possible.

The increase takes effect at 00.01 on 23 August 2016.

 

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Notes:

Today’s price increase is on Southend Energy’s Fixed and Greener pay-monthly energy plans. Southend Energy’s Standard Variable and PAYG (pre-payment) tariffs will not change at this time.  

Price comparisons are made using Southend Energy’s cheapest non-Economy 7 dual-fuel tariff at the relevant time (including all available discounts, paying by direct debit in advance and averaged over all available regions) compared to an average of the Big Six Standard Variable dual-fuel tariffs (excluding online discounts, using a variety of payment methods including direct debit and averaged over all available regions).

The “Big Six” are E.ON, SSE, British Gas, Scottish Power, Npower and EDF.


 

[1]  Compared to our current average medium use non-Economy 7, Fixed and Greener tariffs respectively.

[2] £892 is the annual cost of Southend Energy’s Fixed 12-month energy plan and £951 is the annual cost of Southend Energy’s Greener 12-month fixed energy plan for a dual-fuel medium user (3100 kWh electricity, 12,500 kWh gas) paying via any payment method, including VAT, when averaged over the regions in which that tariff is available. Effective 23/08/2016.
[3] Customers on Big 6 variable tariffs will realise these average savings. £156 is the difference between the Southend Energy 1 year fixed dual fuel tariff (33% green, all payment methods) and average Big 6 (SSE, npower, British Gas, EDF Energy, E.ON, Scottish Power) standard variable tariffs in regions 10 & 11 for medium usage (3,100kWh electricity, 12,500kWh gas per annum) dual fuel customers on standard credit meters. £97 is the difference between the Southend Energy 1 year fixed dual fuel tariff (100% green, all payment methods) and average Big 6 (SSE, npower, British Gas, EDF Energy, E.ON, Scottish Power) standard variable tariffs in region 10 for medium usage (3,100kWh electricity, 12,500kWh gas per annum) dual fuel customers on standard credit meters. Correct as at 22/08/2016. Sources: Uswitch Insight

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10th June 2016: SOUTHEND ENERGY’S PRICE INCREASE AFFECTING NEW AND RENEWING CUSTOMERS


PRICING STATEMENT
SOUTHEND ENERGY’S PRICE INCREASE AFFECTING NEW AND RENEWING CUSTOMERS

10 JUNE 2016: Following an upward shift in wholesale commodity costs, Southend Energy today announced a 8.9% (£70) and 8.2% (£70) increase on its Fixed and Greener tariffs* respectively. The move will affect all new and renewing customers signing up to Southend Energy’s 12 month pay-monthly Fixed and Greener tariffs and is largely a reflection of a 23% uplift in gas and 16% uplift in electricity costs over the last month.

Following the price increase, Southend Energy’s price for a dual fuel customer will now be £859** on Fixed and £919 on Greener.

New customers are still expected to save around £188 and £128*** respectively for Fixed and Greener against an average Big Six Standard Variable tariff.

Southend Energy reviews its prices on a regular basis, passing back savings to customers whenever possible and this price change largely reflects movement in the cost of supplying energy to its customers over time. This cost reflective pricing sits at the heart of the company’s promise to customers that the deal they are getting from Southend Energy will always be fair, transparent and as competitive as possible. 

The increase takes effect at 00.01 on 10 June 2016.

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Notes:
Today’s price increase is on Southend Energy’s Fixed and Greener pay-monthly energy plans. Southend Energy’s Standard Variable and PAYG (pre-payment) tariffs will not change at this time.  

Price comparisons are made using Southend Energy’s cheapest non-Economy 7 dual-fuel tariff at the relevant time (including all available discounts, paying by direct debit in advance and averaged over all available regions) compared to an average of the Big Six Standard Variable dual-fuel tariffs (excluding online discounts, using a variety of payment methods including direct debit and averaged over all available regions). 

The “Big Six” are E.ON, SSE, British Gas, Scottish Power, Npower and EDF.


* Compared to our current average medium use non-Economy 7, Fixed and Greener tariffs respectively.

** £859 is the annual cost of Southend Energy’s Fixed 12-month energy plan and £919 is the annual cost of Southend Energy’s Greener 12-month fixed energy plan for a dual-fuel medium user (3100 kWh electricity, 12,500 kWh gas) paying via any payment method, including VAT, when averaged over the regions in which that tariff is available. Effective 10/06/2016.

*** Customers on Big 6 variable tariffs will realise these average savings. £188 is the difference between the Southend Energy 1 year fixed dual fuel tariff (33% green, all payment methods) and average Big 6 (SSE, npower, British Gas, EDF Energy, E.ON, Scottish Power) standard variable tariffs in regions 10 & 11 for medium usage (3,100kWh electricity, 12,500kWh gas per annum) dual fuel customers on standard credit meters. £128 is the difference between the Southend Energy 1 year fixed dual fuel tariff (100% green, all payment methods) and average Big 6 (SSE, npower, British Gas, EDF Energy, E.ON, Scottish Power) standard variable tariffs in region 10 for medium usage (3,100kWh electricity, 12,500kWh gas per annum) dual fuel customers on standard credit meters. Correct as at 08/06/2016. Sources: Uswitch Insight


 

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18 January 2016: PRICING STATEMENT SOUTHEND ENERGY’S 2.35% PRICE DECREASE WILL BENEFIT ALL NEW FIXED TARIFF CUSTOMERS

18 JANUARY 2016: Following a downward shift in wholesale commodity costs, Southend Energy today announced a 2.35% (£19) price decrease on its 12-month fixed energy plan. The move will benefit all customers signing up to Southend Energy’s fixed energy plan from 18 January 2016. Variable rates remain unchanged at this time. ​Following the pricing change, Southend Energy’s price for a dual fuel customer on its fixed 12-month energy plan will be £788.79.
 
New customers are now expected to save around £288.56 against an average Big Six Standard Variable Tariff today.
 
In partnership with OVO, Southend Energy reviews its prices on a regular basis and this price change largely reflects movement in the cost of supplying energy to its customers over time. This cost reflective pricing sits at the heart of the company’s promise to customers that the deal they are getting from Southend Energy will always be fair, transparent and as competitive as possible.
 
All customers will continue to benefit from no exit fees and 33% renewable energy as standard.
 
The increase in the Southend Energy Fixed tariff takes effect at 00.01 on 18 January April 2016.
 
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Notes:
Southend Energy operates using a cost reflective pricing model meaning the prices it charges broadly reflect the natural movement of the cost of supplying energy. This means prices can go up as well as down.  Southend Energy is always honest and transparent about its price changes and the reasons behind them.
 
About Southend Energy
Southend Energy is a local energy company you can trust. Our aim is to provide you with a hassle-free, customer-focussed service and fairer prices for your energy bills.
Southend Energy is brought to you by Southend-on-Sea Borough Council in partnership with OVO Energy, an award-winning energy supplier. We aim to obtain the most competitive and sustainable energy prices, for both gas and electricity,and pass the benefit on to our customers.
 
www.southendenergy.co.uk 
 
About OVO
Headquartered in Bristol, OVO Energy, the 10th fastest growing business in the UK, is one of the leading independent suppliers in the UK energy retail market. OVO was founded in 2009 by Stephen Fitzpatrick who set out to create a better energy company. Since entering the market in 2009, OVO currently has 600,000 customers and created over 900 jobs.
 
OVO’s guiding principles are simplicity, transparency and fairness in all of its operations: making the energy industry easier for consumers to understand and making sure prices reflect the actual cost of doing business so customers know they’re getting a good deal.
 
www.ovoenergy.com 

 
Peterborough Energy operates using a cost reflective pricing model meaning the prices it charges broadly reflect the natural movement of the cost of supplying energy. This means prices can go up as well as down.  Peterborough Energy is always honest and transparent about its price changes and the reasons behind them.
 
About Peterborough Energy
Peterborough Energy aims to offer one of the most competitive energy tariffs to local residents. This innovative scheme will help you to make savings on your energy bill and give you access to great customer service.
Peterborough Energy is brought you by the City Council in partnership with OVO Energy, an award-winning energy supplier. All customer service, billing and other back office services will be provided by OVO. The partnership is all about helping you and other Peterborough residents keep their energy bills as low as possible.
 
www.peterboroughenergy.co.uk 
 
About OVO
Headquartered in Bristol, OVO Energy, the 10th fastest growing business in the UK, is one of the leading independent suppliers in the UK energy retail market. OVO was founded in 2009 by Stephen Fitzpatrick who set out to create a better energy company. Since entering the market in 2009, OVO currently has over 600,000 customers and created over 900 jobs.
 
OVO’s guiding principles are simplicity, transparency and fairness in all of its operations: making the energy industry easier for consumers to understand and making sure prices reflect the actual cost of doing business so customers know they’re getting a good deal.
 
www.ovoenergy.com 

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