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Welcome to the Fairerpower Press Centre Powered by OVO Welcome to the Fairerpower press centre Please find our latest press releases below. 09 JUNE 2015 PRICING STATEMENT FAIRERPOWER 3% PRICE DECREASE FOR NEW CUSTOMERS Today, Fairerpower will be passing on a decrease in its energy prices to its customers. Today’s 3% drop represents a saving of £31 a year1. The move will affect new customers only, on Fairerpower’s 12 month pay-monthly fixed tariff. New customers will save around £232 against an average Big Six Standard Variable tariff2. Following the price drop Fairerpower’s price for a dual fuel customer will now be £9293. Fairerpower reviews its prices on a regular basis and passes 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 decrease takes effect at 00.01 on 09 June 2015. ---Ends--- Notes: Today’s price decrease is on Fairerpower’s Fixed pay-monthly energy plans. Fairerpower’s Standard Variable tariff will not change at this time. Price comparisons are made using Fairerpower’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. Notes to editors [1] Compared to our current average medium use non-Economy 7, Fixed tariff. [2] Customers on Big 6 variable tariffs will realise these average savings. Difference between the Fairerpower Fixed (15% green, all payment methods) and average Big 6 (SSE, npower, British Gas, EDF Energy, E.ON, Scottish Power) standard variable tariffs in region/s 13, 14 and 16 for medium usage (3200kWh electricity, 13500kWh gas per annum) dual fuel customers on standard meters. Correct as at 05/06/2015. Sources: EnergyLinx and Uswitch Insight “The Big 6” are British Gas, Scottish Power, SSE, Npower, E.ON and EDF. You will have 14 days to cancel your contract [3] £960 is the annual cost of Fairerpower’s fixed 12-month energy plan for a dual-fuel medium user (3200 kWh electricity, 13,500 kWh gas) paying via any payment method, including VAT, when averaged over the regions in which that tariff is available. Effective 09/06/2015. 18 MAY 2015 CHESHIRE EAST RESIDENTS OFFERED UK’S CHEAPEST PAY AS YOU GO ENERGY Fairerpower, Cheshire East Council’s new energy supplier, is now bringing cheaper gas and electricity to customers with pre-payment meters. The Council has joined forces with OVO, an award winning energy supplier, to offer the region’s cheapest pay-as-you-go (PAYG) deal. (See note 1) Customers who pay with monthly direct debits have been able to sign up since March 16. So far more than 1,300 have switched to Fairerpower, saving an average of more than £200 each. (See note 2) Now, pre-payment customers can potentially save £67 every year with Fairerpower PAYG, which has been launched in a phased partnership with OVO. (See note 3) Pre-payment customers can sign up to a PAYG tariff through the Fairerpower website www.fairerpower.co.uk or the dedicated Fairerpower PAYG phone line (0800 408 6705). The PAYG tariff, meters and service will be provided by OVO Energy until a full Fairerpower- branded PAYG tariff is made available later in the year. (See note 4) Mike Suarez, Chief Executive of Cheshire East Council, said: “Pay-as-you-go customers have often struggled to get good deals on gas and electricity and so are more likely to fall victim to fuel poverty. “Cheshire East Council set up Fairerpower because we want to eradicate fuel poverty in the Borough. “This new development of our initiative is helping people who need it most – those who have been paying too much for their energy. “We are proud that so many of our residents have benefited from this initiative. The Council does not get any money out of Fairerpower, in fact we are investing in it. The return we get on that investment is the savings we are achieving for residents.” All PAYG customers will get: Savings of up to £67 per year on existing tariffs A smart meter and in-home display to monitor energy consumption and account balance to help customers make better decisions about usage; Award-winning service through partnership with OVO Energy, which was named Supplier of the Year in uSwitch Energy Awards 2014; A Refer-A-Friend scheme which offers a £20 Amazon Gift Certificate for referrer and referee. (See note 5) ENDS Notes to editors: Note 1: Tariff information The average cost for the Fairerpower / OVO Energy PAYG tariff is calculated as £1,177 pa. Based on a dual fuel customer, medium consumption (3,200 kWh of electricity and 13,500 kWh of gas pa), standard meter, rate averaged across supply regions 13, 14 and 16 (the only regions supplied by Fairerpower). Tariff in region 13: £1,209, tariff in region 14: £1,159, tariff in region 16: £1,164. Sources: EnergyLinx and Uswitch Insight, 22/04/2015. Note 2: Average savings £250.42 is the average saving of dual-fuel customers that have actually switched to Fairerpower as at 28/03/15; individual savings will vary according to current supplier, location, consumption and Fairerpower tariff options. Note 3: Savings Customers on Big 6 variable tariffs will realise average potential savings of £67 per annum. Difference between the OVO Energy Smart PAYG Energy (all online) Paperless 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 region/s 13,14 and 16 for medium usage (3200kWh electricity, 13500kWh gas per annum) dual fuel customers on prepayment meters. Correct as at 22/04/2015. Sources: EnergyLinx and Uswitch Insight Note 4: Branding After signing up via Fairerpower, all communications, including letters and emails, plus the metering systems will be sent and arranged by OVO Energy. This allows Fairerpower to offer Smart meters and the PAYG tariff to customers at the earliest possible time. All customers who sign up to the OVO PAYG tariff through Fairerpower during this initial phased launch will be contacted once the full service is available to ensure their accounts are switched over to the Fairerpower system. Note 5: Refer-A-Friend Promoter(s): Cheshire East Council, using the brand name Fairerpower (a brand licenced by Ovo Energy Limited). Full terms and conditions for the Refer-A-Friend scheme can be found here: https://mention-me.com/help/tnc_f/site. No cash or other alternatives. Vouchers must be redeemed within the timescales indicated on the voucher/promotion. Full details of this promotion also available on request. Amazon.co.uk is not a sponsor of this promotion. Amazon.co.uk Gift Certificates (“GCs”) may be redeemed on theAmazon.co.uk website or affiliated website Javari.co.uk towards the purchase of eligible products listed in the Amazon online catalogue and sold by Amazon.co.uk or any other seller selling through Amazon.co.uk. See amazon.co.uk/gc-legal for complete terms and conditions. GCs are issued and ©2013 by Amazon EU S.à.r.l. All Amazon ®™& © are IP of Amazon.com, Inc. or its affiliates. 1 MAY 2015 PRICING STATEMENT FAIRERPOWER’S 1.3% PRICE DECREASE WILL BENEFIT ALL NEW FIXED TARIFF CUSTOMERS Following a downward shift in wholesale commodity costs, Fairerpower today announced a 1.3% (£13) price decrease on its 12-month fixed energy plan. The move will benefit all customers signing up to Fairerpower’s fixed energy plan from 1 May 2015. Variable rates remain unchanged at this time. Following the pricing change, Fairerpower’s price for a dual fuel customer on its fixed 12- month energy plan will be £960 [note 1]. New customers are now expected to save around £206 [note 2] against an average Big Six [note 3] Standard Variable Tariff. In partnership with OVO, Fairerpower 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 Fairerpower will always be fair, transparent and as competitive as possible. All customers will continue to benefit from no exit fees and 15% renewable energy as standard [note 4]. The decrease in the Fairerpower Fixed tariff takes effect at 00.01 on 1 May 2015. ENDS Footnotes [1] £960 is the annual cost of Fairerpower’s fixed 12-month energy plan for a dual-fuel medium user (3200 kWh electricity, 13,500 kWh gas) paying via any payment method, including VAT, when averaged over the regions in which that tariff is available. Effective 01/05/2015. [2] Customers on Big 6 variable tariffs will realise these average savings. Difference between the Fairerpower Fixed (15% green, all payment methods) and average Big 6 (SSE, npower, British Gas, EDF Energy, E.ON, Scottish Power) standard variable tariffs in region/s 13, 14 and 16 for medium usage (3200kWh electricity, 13500kWh gas per annum) dual fuel customers on standard meters. Correct as at 29/04/2015. Sources: EnergyLinx and Uswitch Insight [3] The “Big Six” are E.ON, SSE, British Gas, Scottish Power, Npower and EDF [4] Renewable power is generated from wind, solar, geothermal, wave, tidal, hydro, biomass, landfill gas, sewage treatment plant gas and biogas.
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