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Ebico Tariffs: Features and Prices

Ebico tariffs

Ebico’s mission is to help those who struggle to pay their energy bills each month. With this in mind, we expect Ebico tariffs to be economical and flexible to fit different customer needs. In this guide we look at the details and prices of all the supplier’s tariffs, including the famous Ebico Zero tariff to see if this is true. Read on to see if Ebico has a tariff for you.


Ebico tariffs

Like most providers, Ebico offers a range of tariffs for new customers to choose from. From fixed rate tariffs and variable tariffs to a tariff with no standing charges, Ebico tariffs are adaptable to fit a variety of customer needs.

Energy suppliers continuously change the tariffs they offer and Ebico is no exception. In this guide we are going to take a look at the Ebico tariffs and prices currently available for 2019/2020, but bear in mind that these can, and will, change over time.

Having said that, providers rarely make dramatic changes to their tariffs, usually just introducing a new version of an existing tariff that perhaps has different unit rates. For instance, Ebico currently offers version four of the Ebico Prime Fixed 12 tariff, which follows on from version one, two and three.

In other words, while the names of the Ebico tariffs on offer might change, the core features of the tariffs tend to stay the same. So, with that in mind, let’s dive into the details.

Ebico fixed tariffs

A fixed rate tariff means the unit rate for both gas and electricity stays the same for a set amount of time. Ebico offers a good amount of choice when it comes to fixed rate tariffs, ranging from a 12 month contract to a 24 month contract, all of which can be taken out as a dual fuel tariff or one fuel (gas or electricity).

As these Ebico tariffs have a fixed rate, there is a £30 exit fee per fuel. This means that if a customer chooses to leave the tariff before the set amount of time is up (12, 18 or 24 months), they will be charged £30 for gas and £30 for electricity.

With Ebico, it appears you can get lower rates and standing charges if you choose to tie yourself into a contract for a longer amount of time. The 24 month option has cheaper rates than the 12 month and 18 month options. Using a medium energy consumption rate for a household in London (3100 kWh for electricity and 12500kWh for gas a year), we have calculated the price of these Ebico tariffs.

1. Ebico Prime 12 Fixed v4
Fuel
Unit rate per Kwh
Standing charge per Kwh
Price per month
Electricity
14.8500p
21.21p
£44.81
Gas
3.200p
31.11p
£42.80
Overall price per month
£87.61
Overall annual price
£1051.32

*all prices include VAT at 5%

2. Ebico Prime 18 Fixed v2
Fuel
Unit rate per Kwh
Standing charge per Kwh
Price per month
Electricity
17.8398p
30.03p
£53.35
Gas
4.1705p
32.14p
£51.34
Overall price per month
£104.69
Overall annual price
£1256.27

*all prices include VAT at 5%

3. Ebico Prime 24 Fixed v3
Fuel
Unit rate per Kwh
Standing charge per Kwh
Price per month
Electricity
14.7851p
20p
£44.28
Gas
3.1889p
30.30p
£42.43
Overall price per month
£86.71
Overall annual price
£1040.55

*all prices include VAT at 5%

Ebico also has a 12 month fixed rate tariff with no exit fees. This means that despite the fixed unit rate, customers can leave before the 12 months without facing a financial penalty. However, the unit rates and standing charges are more expensive than the 12 month option with exit fees discussed above.

4. Ebico Evergreen 12 Fixed v3
Fuel
Unit rate per Kwh
Standing charge per Kwh
Price per month
Electricity
15.3175p
30.03p
£48.70
Gas
3.7025p
32.14p
£48.34
Overall price per month
£97.05
Overall annual price
£1164.58

*all prices include VAT at 5%

How do Ebico’s prices compare to other energy suppliers? We conducted a price comparison with the Ebico Standard tariff to see how it weighed up. Head to the tariffs and prices section of our Ebico guide and see.

Ebico variable tariffs

A variable tariff means the unit rate can change: if the overall price of energy rises, the unit rates can increase, if it falls, the unit rates can decrease. These are a good option to take advantage of drops in energy prices, but it also means customers are not protected from sharp increases in prices.

Flame and light bulb

Fixed or variable tariff?

Ring our energy experts today to discuss which option could save you more money!

There are currently two Ebico tariffs available as variable tariffs. Both can be taken out as dual fuel or one fuel (gas or electricity), are available for Economy 7 meters and have no exit fees.

As mentioned, the unit rate of such tariffs can change, but to give a rough idea of what an Ebico variable tariff could cost, we’ve worked out the price of both tariffs for a household in London (using 3100kWh of electricity and 12500kWh of gas a year) in the two tables below. Bear in mind that as well as fluctuating with the overall price of energy, unit rates can vary depending on area too.

Ebico Evergreen
Fuel
Unit rate per Kwh
Standing charge per Kwh
Price per month
Electricity
17.4615p
22.92p
£52.08
Gas
3.7800p
26.51p
£47.44
Overall price per month
£99.52
Overall annual price
£1194.23

*all prices include VAT at 5%

Ebico Standard
Fuel
Unit rate per Kwh
Standing charge per Kwh
Price per month
Electricity
17.43p
22.92p
£52
Gas
3.7695p
26.51p
£47.33
Overall price per month
£99.33
Overall annual price
£1194.94

*all prices include VAT at 5%

Ebico prepayment tariff

Ebico has one tariff for customers with a pay-as-you-go meter (PAYG meter). Called the Ebico Prepay tariff, it has no exit fees and is available for dual fuel and single fuel customers. For a household in London using 3100kWh of electricity and 12500kWh of gas annually, the pricing is as follows:

Ebico Prepay
Fuel
Unit rate per Kwh
Standing charge per Kwh
Price per month
Electricity
17.2700p
27.58p
£53
Gas
3.5640p
35.70p
£47.98
Overall price per month
£100.99
Overall annual price
£1211.84

*all prices include VAT at 5%


Ebico Zero tariff

A tariff that Ebico is particularly well known for is its zero standing charge tariff, adaptly named the Ebico Zero tariff. Previously this existed as a variable tariff with no standing charges, however this version was scraped in 2018 as Ebico claimed it was not ‘commercially viable’ in light of Ofgem’s price cap.

tea cup with a light bulb

To replace this popular tariff, Ebico introduced a fixed rate version. The Ebico Zero Green Fixed is a 12 month fixed rate tariff with no standing charges. Despite having a fixed unit rate for 12 months, there are no exit fees so customers can still choose to leave the tariff without facing a cancellation fee before the 12 months are up.

So, no standing charges, no exit fees...there must be a catch! Sort of. This is the only one of Ebico tariffs to enforce an Annual Billed Value. This means that customers must meet a required minimum spend per year on their gas and electricity.

For customers who choose to leave the tariff before the end of their 12 month contract, the Annual Billed Value will be calculated on a pro-rata basis, meaning Ebico will calculate the required minimum spend based on how many months the tariff has been active e.g. four or five months.

Do customers receive accurate bills from Ebico? In our Ebico reviews page, we analyse customer reviews to see the general consensus on Ebico’s billing and account management systems.

If the Annual Billed Value has not be reached when the tariff ends (either after 12 months or earlier), the customer will be charged for the difference.

The good news is that the required annual spend is low:

  • Required annual spend on electricity - £52 (including VAT)
  • Required annual spend on gas - £104 (including VAT)

Overall customers are only required to spend £156 a year on their energy. Considering that the average annual gas bill in 2018 was £676 and the average annual electricity bill was £699, most customers will easily surpass the minimum spend.

However, customers who have an incredibly low energy consumption rate should not be disillusioned by the no standing charge. The required minimum spend could mean a tariff with a standing charge but no required minimum spend will work out cheaper.

How much energy do you use? Use Selectra's energy usage calculator to find out.

Ebico is currently offering version four of its Ebico Zero Green Fixed tariff. We have broken down the price of this for a household with a medium energy usage rate (3100 kWh for electricity and 12500 kWh for gas a year) in London.

Ebico Zero Green Fixed Tariff v4
Fuel
Unit rate per Kwh
Standing charge per Kwh
Price per month
Electricity
23.2600p
0p
£60.35
Gas
6.3300p
0p
£65.94
Overall price per month
£126.28
Overall annual price
£1515.41

*all prices include VAT at 5%

As we can see from these prices, instead of having a standing charge, the Ebico Zero tariff has high unit rates. In fact, its unit rates are more expensive than those applied in all of the supplier’s other fixed rate tariffs and (as of Dec.2019) both of its variable tariffs too. Don’t be fooled by the zero standing charge - based on the UK medium energy usage rate, the zero tariff is the most expensive Ebico tariff!


Ebico night owl - Economy 7 tariffs

The Ebico night owl tariff was an Economy 7 tariff that offered free electricity during the night. From 12am to 7pm, customers on this tariff saw their unit rate for electricity drop to zero, although they did still have to pay a standing charge. Moreover, they were not allowed to consume more than 60% of their total energy usage during these hours.

Unfortunately, this tariff is no longer available, but a number of other Ebico tariffs have an Economy 7 option. These include:

  • Ebico Evergreen 12 Fixed v3
  • Ebico Prime 18 Fixed v2
  • Ebico Zero Green Fixed 4
  • Ebico Standard
  • Ebico Evergreen

Whilst these tariffs do not offer free electricity during off-peak hours, their Economy 7 versions mean the unit rate is significantly cheaper at night than during the day.

Have questions for Ebico? Find out how to get in touch in our Ebico contact page. We also have a complete guide on how to log in to the Ebico account system. Head to Selectra’s Ebico login page for step-by-step guide.

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