About Ebico
Ebico Ltd is a not-for-profit gas and electricity supplier aiming to offer a better, fairer deal for domestic energy to British households. We’re also an expanding enterprise committed to working both for social justice and the wise use of the earth’s resources, in a variety of ways.
Founded in 1998, Ebico has been making a real difference for ten years, especially to low-income households – but also to the planet. Our title acronym derives from our original name: the Equitable Billing Company. We’re at the forefront of fair energy pricing, and well over 25,000 UK homes have already switched to Ebico’s fair tariffs.
Why do people choose Ebico? Many choose us because our prices are cheaper for them. And many others choose us because they know our prices are fairer for everyone. Still others choose us for our innovative carbon-offsetting service, and because our tariff structure is simple, transparent and straight-forward.
Our core business aim is to reverse the dominant market trends within our own commercial ventures. Instead of competing for the business of those who can spend most, by offering them the best deals and cheaper rates, we use the combined purchasing power of all our customers to achieve ethical results that benefit the majority – while putting first those who have least.
Read more about our ethos – or meet the directors.
Our products
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How does EquiGas pricing work? Whereas traditional energy supply companies charge cash (pre-payment meter) customers more, to service their payment method, EquiGas evens out between all our customers the expense of different payment methods. As a result, nobody is penalised because of his or her budget or circumstances. Everybody pays at the same fair rate and there are no standing charges.
The significance of this is clear when you consider that pre-payment meter users in some regions currently may have to pay up to a third more than online customers.
Meanwhile, as a not-for-profit company we don’t have any shareholders queuing up to reap dividends, so in fact all our prices tend to be highly competitive for the majority of our purchasers – not just pre-payment meter customers.
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EquiClimate, which has a separate website, was launched in 2005. It is an innovative, carbon offsetting service for customers who want to redress the effects on the environment of their own energy use. EquiClimate is unique in using the new Europe-wide market in CO2 allowances to offset the emissions from customers’ homes.