Energy firm cuts electricity charge
An energy firm has bucked the trend of rising prices by announcing it will reduce its electricity charges by 2% from December 21.
It said the move would make its electricity prices for this winter lower than last year, claiming it would also be £88 cheaper than the average standard tariff for online direct debit charged by the "big six" energy firms.
Business development manager Nigel Mason said: "Unlike our competitors, we are not driven by a need to make profits for external stakeholders."
The business, which is part of the Midcounties Co-operative, the third largest co-operative in the UK, is distributing £105,000 to its customers this month as a half yearly share of profit.