December 2010

Cheap, green and flexible – LoCO2 Energy’s new fixed-rate electricity tariff

Pocket Fixed – our new fixed-rate electricity tariff – is cheap, green and has flexible terms for customers. But in an industry already awash with complicated energy tariffs, and fixed-rate options among the most expensive and burdensome, how can consumers benefit from LoCO2 Energy’s new fixed-rate electricity tariff?

First and foremost, Pocket Fixed should be cheaper than almost all other fixed-rate contracts and will represent a bargain for most customers when compared to standard, variable tariffs. When compared with other renewable energy tariffs, it is one of the cheapest available. Flexibility was also a key concern, so we have a low cancellation fee that doesn’t heavily penalise customers who want to leave and contracts which can be moved to new addresses if you move house.

Pocket Fixed isn’t our greenest tariff, but with at least 20% of the electricity coming from renewable sources, it will help you to make a meaningful impact on your carbon emissions. The remaining electricity is sourced from combined heat and power (CHP) plants, a form of low-carbon, energy recycling.

In devising Pocket Fixed, we identified multiple issues within the electricity industry that we felt could be addressed by the launch of a new fixed-rate, low-carbon tariff: a continuing desire to switch to a more sustainable energy source coupled with reduced budgets brought about by the financial crisis and widely publicised looming electricity price rises.

For years, green electricity has been sold to consumers either by small suppliers at a large premiums or through ‘green-washing’ by some of the larger energy companies. Pocket Fixed offers a new choice. It’s priced to compete with standard brown electricity tariffs but offers a genuine greener alternative whilst giving customers peace of mind against electricity price rises.