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While there’s comfort in the familiar, the UK’s ‘big six’ energy suppliers don’t always provide the best deals or the cleanest energy fuel mix. Bulb, however, seems to take pride in going against the grain. This scrappy smaller supplier has taken the UK by storm, bucking a number of trends that are considered industry norms. How? Let’s take a closer look!
Last update: November 2022
We Consider Bulb An At-Risk Supplier
As you may have heard on the news, the UK energy market is currently under an immense amount of stress as a result of a global gas shortage. We have designated Bulb as a high-risk supplier right now, which means that it is close to going bust or at risk of being bought out by a competitor as a result of poor financial performance stemming from that crisis. To learn more about this and stay updated you can read our page on the UK energy crisis.
Although they’ve been around less than a decade, Bulb has already garnered a strong base of loyal customers. But is this nascent brand deserving of your hard-earned money?
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Is Bulb cheap?
Yes, Bulb is one of the cheapest green energy suppliers on the market. Its Vari Fair tariff offers prices that are significantly below the Ofgem Energy Price Cap, even if you use a prepayment meter. A claim that relatively few tariffs can make.An independent consumer review in 2020 found that Bulb’s customers rated the brand 4 out of 5 for value for money. They also rated it 4 out of 5 for bill clarity and 5 out of 5 for bill accuracy.
How much does Bulb charge per kWh?
Because Bulb only has one tariff, kWh charges depend on the meter type and the fuel.
Bulb’s unit rate charges per kWh are as follows:
- Standard credit meter: 14.107p per kWh for electricity, 3.061p per kWh for gas.
- Prepay standard meter: 13.661p per kWh for electricity, 3.208p per kWh for gas.
- Economy 7 credit meter: 16.447p per kWh day, 7.455p per kWh night.
- Economy 7 prepay meter: 16.086p per kWh day, 7.109p per kWh night.
What is the Bulb standing charge?
The daily standing charge also depends on the meter type and the fuel.
Bulb’s standing charges are as follows:
- Standard credit meter: 19.79p per day for electricity, 20.44p per day for gas.
- Prepay standard meter: 25.91p per day for electricity, 28.31p per day for gas.
- Economy 7 credit meter: 19.79p per day for electricity.
- Economy 7 prepay meter: 25.91p per day for electricity.
How many customers does Bulb have?
At the time of writing, Bulb has over 1.6 million customers, making it one of the fastest-growing energy suppliers in the UK.
Updated on 11 Nov, 2022
Energy Specialist & Copywriter