We’ve announced a new Pure Planet 100% Green Fixed tariff today with a summer special, and I wanted to tell you a little more about it here in the community.
For a typical dual fuel Member using the Ofgem average of 2,900kWh of elec and 12,000kWh of gas a year, the new fixed tariff will cost £842 a year.
When is the new tariff coming in?
Our current fixed tariff has been retired and replaced with a new fixed rate tariff from today - 7 July 2020.
What is the new tariff?
The unit rates have increased for electricity, and decreased for gas across all regions, compared to our previous 12m fixed tariff.
Check out this FAQ to compare the fixed rates against our variable rate for your region.
The reason for the electricity increase is that wholesale rates have been rising since their dramatic low at the start of the Covid-19 pandemic. The rates are:
What is the summer special?
The Membership fee will be lower, giving Members 12 months for the price of 10.
It’s available to both dual fuel and electricity-only Members, but it applies only to this new tariff, and technically means a monthly Membership fee of £6.67 per fuel, including VAT at 5%.
This will be displayed in the app, and the quote. Excluding VAT, the Membership fee is £6.33 per fuel. This will be displayed on statements.
Will the fixed tariff have exit fees?
Yes. The exit fee is £30 per fuel. A fixed tariff gives our Members peace of mind, but it also means we’ll need to make sure we cover our costs. As with all fixed tariffs, exit fees don’t apply in the last 49 days. We’ve added an extra day, so there are no exit fees in the last 50 days.
Why are rates different in different regions of the UK?
The difference in the cost across each geographical region is down to the cost of transporting gas and electricity to your home.
The costs are determined and applied by your Distribution Network Operator (DNO) and we pass these on at cost.
We don’t make money on the transport costs of getting energy to your home.
Will the discount for dual fuel still apply?
Yes, Members with electricity and gas will still get our dual fuel discount of £30 per year.
Can anyone join this tariff and get the promotion?
Yes, anyone joining Pure Planet from 7 July 2020 will get the choice of the new tariff or our 100% Green Variable tariff.
Existing Members can change to this tariff, too, through ‘Tariff and usage’ in their PP app or web account. Exit fees will apply if you’re already in a fixed contract period.
Does Pure Planet offer any other promotions?
Yes! All Members who refer friends and family to Pure Planet share £50. There’s no limit on the number of people you can refer.
And anyone who switches to our new tariff from the Money Saving Expert price comparison website will also get a £30 bill credit - that’s £15 on your first statement, and £15 on your third statement.
Check out all our current promotions here.
You may also like: Pure Planet’s latest wholesale energy prices blog post
That’s it for now! Any questions? Let’s talk about them in the replies below.