UK’s cheapest energy deal launched by First Utility
Published: 1 March 2010 By MoneyHighStreet Staff Leave a Comment
First Utility has announced price reductions that make its iSaveV3 tariff the cheapest energy deal available in the UK.
The announcement by First Utility of energy price reductions means that the company now supplies the cheapest standard and online tariffs, based on average consumption.
These price falls mean that the average household will now pay £889 per year for a dual fuel plan on the new iSave tariff from First Utility. As we reported last week, the average household bill for British Gas duel fuel customers is £1,158 peer annum.
Customers taking up the iSaveV3 tariff will be saving 3% compared to the iSave2 plan, a saving of £27 per year.
First Utility customers on the new iSaveV3 tariff will also be offered a free smart meter as the company rolls out smart meters from region to region in the UK. the mart meters take automatic meter readings every 30 minutes, providing detailed graphs and consumption data which customers can view through an online portal. This gives people greater visibility and control, enabling them to better manage their energy consumption. Research has shown that smart meters can reduce energy usage by 10%.
With mounting concern about the profits generated by the big six energy companies, Mark Daeche, CEO of First Utility is keen to send out a clear message that there is an alternative to the large energy suppliers:
“I would urge people to act with their feet and demonstrate to the companies that dominate the energy sector in the UK that people want a better deal and better service.”, he said.