Bulb energy only has one tariff that they offer to customers which is their Bulb Vari-Fair variable tariff. Bulb have no fixed tariffs so if you join them the price you pay can change at any time.
As a domestic energy supplier they supply 5% (Ofgems 2019 4th quarter figures) of the UK domestic market making them one of the largest energy companies outside the Big 6. They are similar in capacity to OVO Energy, Octopus Energy and Shell Energy.
Bulb Energy tariff
At the time of writing the cost of their Vari-Fair tariff has a daily standing charge of 20.56p for electricity and 20.44p for gas. This is a little on the high side suggesting Bulb are targeting a slightly above average energy user rather than households that are more frugal with their energy.
The unit cost for electricity is 14.255p per kWh and the gas is priced at 2.725p per kWh. In overall terms compared to the whole of the market this is at the lower end but more expensive than the smaller budget energy companies.
|Tariff||Electricity daily standing charge||Electricity pence per KWh||Gas daily standing charge||Gas pence per KWh|
Bulb Energy prices
It's difficult to get a good view of how Bulb compares in the market without looking at some examples. The first table shows the cost for a low, medium and high energy user.
|Usage type||Electricity usage kWh/year||Gas usage kWh/year||Monthly cost||Annual Cost|
Bulb vs Cheapest dual fuel
Most people are concerned about cost when they are comparing energy tariffs. The table below shows the current cheapest energy deals versus Bulb's Vari-Fair tariff as compared on 1st June 2020.
|SUPPLIER||TARIFF||MONTH £||ANNUAL £|
|Outfox the Market||Fix'D 20 11.0||64.32||771.85|
|Avro Energy||Simple and SuperFixed||64.94||779.28|
|Tonik||Green SuperPower (1 Year) v4 + Free Boiler Service||65.05||780.60|
|Yorkshire Energy||Green Flamborough - Fixed until 31st July 2021||66.08||793.01|
|Outfox the Market||One Green Flex 2.0||66.60||799.26|
|Tonik||Green Power (1 Year) v6 + Free Boiler Service||67.44||809.24|
|Together Energy||Green Together Fixed May21||67.50||810.03|
|Green Network Energy||GNE Spring Sunrise V4||67.86||814.27|
|London Power||my london fixed yearly plan 12m fixed april 2020v1||67.96||815.54|
As you can see from the table Bulb are more than a hundred pounds more expensive a year for the average UK household. They are £102.94 more expensive than our 10th cheapest deal and £146.63 more than the number 1 cheapest energy deal at that time.
Bulb are listed on utility comparison sites which are free to use and will show you how much Bulb would charge you for your personal energy usage projection and you will be able to see what other deals are available in your area.
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Bulb vs Octopus
In the UK domestic energy market out of all the companies Octopus is closest to Bulb in terms of their target market. They are both similar sizes with Bulb (5%) having a slightly larger market share than Octopus (4%) and have both offered cashback for switching energy suppliers.
What consumers often want to know is which company can they get the best deal from? Which energy company will offer the lowest costing gas and electricity bills?
As you can see the above image taken from the energy comparison site Energy Helpline that Bulb works out cheaper. The tariff 'Flexible Octopus December 2019 v1' is Octopus' lowest cost variable tariff costing £997.46 per year (£83.12 a month) compared to Bulb's equivalent price of £918.52 a year (£76.54 a month) and is just under £80 cheaper.
Octopus do offer other dual fuel energy deals such as the Octopus 12M Fixed February 2020 v1 costing £917.49 which is a 12 month fixed deal with no exit fees so if you include all the Octopus tariffs both energy companies work out at about the same cost.