Birmingham based Tonik Energy was founded in 2016 to provide cheaper and greener energy to UK households. Tonik Energy uses hi-tech smart meters and appliances and according to their website, their main goal is to cut energy bills by at least 50% by the end of 2022.
Tonik Energy customer service rating
Since the inception of Tonik Energy they have offered 100% renewable electricity and 10% green gas to offset its UK based customers’ carbon footprints.
Tonik Energy tariffs and prices
Annual Avg cost
Tonik – Green Power (1 Year) v7 + Free Boiler Service
In February 2019, Tonik Energy announced a price hike for its customers with standard variable tariffs by 14% which came into effect on 01/04/2019 which was based on OFGEM energy price cap increase.
Price changes in 2018
Price increase by 10.8% – July 2018, Tonik Energy announced price increase by 10.8% for standard variable energy plans which was effective from 08/2018.
What type of energy tariffs offered by Tonik Energy for the UK households?
Variable energy tariff – Tonik Energy can change your daily standing charge (usually 0p to 30p per day) and price per kWh (unit rate) whenever they wish to change it.
Fixed rate tariff – Once agreed prices with Tonik Energy, price per kWh and daily standing charge will remain fixed.
Pay As You Go (PAYG meter) – Pay for your energy in advance by using an energy top up key or card, you can buy your energy in advance at post offices or authorised local dealers such as convenience stores or by using Tonik Energy mobile app.
Dual fuel energy tariff – It means Tonik Energy will supply both electricity and gas to your home. Usually, dual fuel energy is cheaper when compared to single fuel energy supply.
Why should you compare Tonik Energy price?
Fixed term contract – 12 months and 24 months
Account management – view your energy bills online
Direct debit payment – monthly DD only
Termination fees – no contract termination fees
Green energy – 100% renewable electricity
Tariff type – Dual fuel energy and electricity only options
Reward – 3% interest paid on credit balances
Warm home discount – don’t offer warm home discount