Co-operative Announces Entry Into Gas and Electricity Market

Reports show that Co-operative Energy is about to make things a little bit more challenging in the gas and electricity market. This is because they have just announced that they will be entering the marketplace. This could mean bad things for other companies since Co-operative wants to offer a single variable tariff to simplify, what they are calling, a “baffling and bewildering” marketplace.

Co-operative will be entering the marketplace with a single tariff. The goal of this tariff is to be consistently fair and competitive with other markets, meaning that other companies are going to have to “play ball” now too or risk losing all of their customers.

So what is this new tariff? it’s called the Pioneer Tariff and is named after Rochdale pioneers who actually founded the first Co-operative back in 1844. The tariff has a variable rate with no penalties for switching to different providers, meaning that people can try the tariff out, and if they do not like it, they can switch back at no cost. Co-operative is also promising that new customers will not receive preferential treatment over existing customers with cheaper price offers.

The company went on to strike out at other companies by saying that their energy tariffs are baffling. They went on to say that they are going to challenge the big profits that are made by other companies by including a twice-yearly profit-sharing deal with its customers.

On top of all this, electricity is going to be sourced form low-carbon generators. This means that consumers can feel good about switching over to Co-operative because, it’s good for the environment, as well as their pockets.