Bulb Energy


Bulb Energy Standard Tariff

Last Updated: 1 November 2021

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The Bulb Energy Standard Tariff (Vari-Fair) was increased by £151 on 1 October 2021. This is more than the increase in the Energy Price Cap (which was lifted by £139) becasue Bulb was coming from a lower initial price point. Bulb Energy has now pushed its Standard Variable tariff price to £1,277 for a household with average energy usage. This is the maximum allowed by the Energy Price Cap. This is £310 (32%) more than they were charging 1 year ago.

If you are on the Bulb Vari-Fair Tariff, there is nothing you can do to reduce your energy prices at this point. That is becasue, due to the ongoing energy crisis in the UK and Europe, the energy market has basically ceased to function. Bulb Vari-Fair is the best energy deal you can get at the current time. However, you can still reduce your energy bills but only by cutting back on your energy usage.

Unfortunately, there is far worse to come. Based on current wholesale energy prices, when the energy price cap is next increased on 1 April 2022, it will jump by OVER £400 (give or take). We expect the Bulb Energy will need to increase the price of its Standard Tariff by something approaching that figure. That is on top of the £310 increase you have just seen over the past 12 months. If you would like to know by how much the Bulb Vari-Fair tariff will likely increase, please visit our energy bills forecast page (table updated weekly).

The Bulb Energy Standard Tariff (Vari-Fair) will increase again in…

HEADS UP….

Due to the unfolding energy crisis, Bulb Vari-Fair cannot be applied for at the current time. We expect energy switching to return sometime from January 2022.

If you would like to know when energy switching returns, so that you can cut your energy bills by switching energy supplier, then please do one or more of the following. Sign up to our newsletter (in the footer of this page), check our home page from time to time for updates, or follow us on Twitter

Tariff Overview

This is the Standard variable tariff from Bulb.

Data from Ofgem the GB gas and electricity regulator, shows that, as at July 2021, Bulb Energy had 2.57 million customer accounts on the Bulb Standard Tariff. This comprises 1.09 million Bulb Energy gas accounts and 1.48 million Bulb electricity accounts. That makes Bulb Energy the 7th largest energy supplier in the UK. 100% of its customer base are on this tariff

In normal market conditions (before August 2021), if you are were on this tariff, you would usually be doing quite well. Bulb Vari-Fair was rarely, if ever, the cheapest energy tariff in the market. But it was always reaonably competitive and always offered a big saving compared to the Standard Variable rate tariffs of the Big 5 energy suppliers. However, with the energy market turned on its head, Bulb’s Standard tariff, which is subject to the energy price cap, is currently no cheaper than the Standard tariffs of any of the old incumbent energy suppliers. What a bizarre situation we find ourselves in.

In current marlet circumstances, the best that you can do for now is to stay put. Even if you could switch energy supplier, you would not be able to get yourself a cheaper deal – even if this ine is £310 more expensive than it was a year ago.

Things will change. The market will get back to normal. When it does, we will be the first to let you know. We expect the current situation to persist until at least January 2022. If Bulb Energy makes it through the energy crisis alive, and we hope they do, we expect that they will try to cut the price of the Vari-Fair tariff to below the energy price cap as soon as they reasonably can.

Key features of the Bulb Energy Standard tariff

Key features of the Bulb Standard Variable tariff include;

  – The Bulb Standard Tariff is called Vari-Fair

  – (The tariff was initially launched under the name Green Electricity + Green Gas. Catchy…not! It was renamed Vari-Fair in July 2016).

  – Bulb Vari-Fair is a Variable rate tariff which means that your energy prices may go up or down. Energy prices are subject to change on 30 days advance notice.

 – This tariff is subject to the Energy Price Cap. The energy price cap sets the maximum level of this tariff in any price cap (6-month) period.

– This is an online only tariff – you cannot opt for paper billing.

– The Bulb Energy Standard Tariff is available for customers taking electricity only or dual fuel. There is no gas only option.

– The only payment option for customers with credit meters is by Monthly Direct Debit.

– This tariff is also available to customers with prepayment meters (where it has the same name).

– Bulb Energy sources its electricity from wind, solar and hydro making its electricity 100% renewable. The energy is sometimes bought directly from electricity generators. Indirect purchases are also made on the wholesale electricity market which are then matched with renewable energy certificates.

– 100% of the gas supplied is carbon neutral. Bulb offsets the emissions from the gas they supply by supporting carbon reduction projects around the world as well as buying green gas in the UK.

– There are no early termination fees with the Bulb Vari-Fair tariff.

– Bulb Energy is signed up to the Warm Home Discount Scheme.

– Bulb is signed up to the Energy Switch Guarantee.

Vari-Fair tariff (for prepayment customers)

Customers with a smart prepayment meter can top-up their energy account online using your Bulb account or via the Bulb Energy app.

Customers with traditional prepayment meters, or ones that are not compatible with Bulb, can top-up at PayPoint and Payzone outlets.

History of Bulb Vari-Fair Price Changes

A history of Bulb Energy Standard tariff price changes, from initial launch in February 2016, is shown in the Table below.

It has been a bit of a roller coaster ride for customers as far as their energy pricing is concerned. Becase the Bulb Energy Standard Variable tariff is, well, variable and becasue they want to keep it competitive they have had to adjust it often. Very often. Since February 2016 there have been 17 prices changes at an average rate of 1 every 4 months. So far, it is 8 up and 9 down.

Effective DateAnnual Dual Fuel Bill
ChangeComment
1 Apr 2022£1,700 - £1,750

£423 - £473 increase

This is a projection
based on wholesale energy prices

For latest change forecast please see
Energy Bills Forecast
1 Oct 2021£1,277

£151 increase

Energy Price Cap v7
1 Oct 2021 to 31 Mar 2022
31 May 2021£1,126

£69 increase

17 Mar 2021£1,057

£91 increase

14 Sep 2020£966

£51 increase

2 Mar 2020£915£57 cut
1 Sep 2019£972£0.41 cut
28 Feb 2019£972£20 cut
21 Dec 2018£993£5 cut
10 Sep 2018£998

£101 increase

11 Jun 2018£897

£44 increase

27 Feb 2018£853

£23 increase

28 Jun 2017£829£20 cut
24 Apr 2017£849£21 cut
17 Nov 2016£870

£71 increase

1 Sep 2016£799£5 cut
14 Jul 2016£805£6 cutTariff renamed as Varif-Fair
16 Sep 2016£810£23 cut
3 Feb 2016£833Launch tariffAt launch tariff was called
Green Electricity + Green Gas
Source: energyscanner.com
bulb.co.uk

Table Notes

Annual bills are based upon a dual fuel customer paying by Monthly Direct Debit with average annual usage; 12,000 kWh for gas and 2,900 kWh for electricity. We have re-indexed all bill values to this usage level.

Read more …

Bulb Energy Review

Bulb Energy Fuel Mix

How much will energy bills increase?

Bulb Energy Contacts Details

British Gas Standard Tariff

EDF Energy Standard Tariff

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