Find out why energy prices have continued to rise for the sixth month running, enjoy the most popular energy news articles doing the rounds, and discover how Flipper plans to use Google Home to make switching even easier for you.
Let us know if you find your update interesting, and if so, feel free to share it.
1. Wholesale energy prices
The wholesale energy price is what energy suppliers pay for the gas and electricity they supply you with. It's set by the traded market, changes daily according to supply and demand, and crucially makes up around 50% of your bill.
Wholesale energy costs have significantly increased, and are the main driver behind retail prices — which are the prices you pay your supplier for your energy.
2. Government programmes that support green energy
An increase in the charges to suppliers associated with government programmes — particularly those supporting renewable and low-carbon electricity generation — has also contributed to this continuous price rise. Their influence on retail prices is smaller than wholesale prices, but is significant nonetheless.
While these charges put upward pressure on retail prices, they will also decrease our dependency on coal and gas in the future — good for the environment, and also good for your pocket.
3. Future supplier costs
Even with continually rising energy prices, it’s not all doom and gloom for Flipper customers — we’re here to navigate the energy market for you, so you have peace of mind knowing you’re always on your best available deals without doing any of the hard graft.
Flipper’s goal is to make energy switching hassle-free, and while we’ve been successful in achieving this, technology like Google Home allows us to go even further.Read more →
Join Flipper and never overpay for energy again. We guarantee to save you money or you won't pay a penny.
Still not found what you're looking for? You can find more questions answered in our Help centre.Visit Help Centre