Energy News

First:utility now UK’s cheapest energy supplier

Friday, 15 January 2010

By Hazel Cottrell - hazel@consumerchoices.co.uk

Brits can now benefit from annual energy bills of under £900 for an average-use household with First:utility’s new iSaveV2 tariff.

The new iSaveV2 tariff from First:utility offers annual energy bills of £898 for an average household. First:utility says the price-cut makes it the cheapest energy supplier in the country.

Customers on this tariff will also get a free smart meter installed in the coming months.

The iSaveV2 tariff is an online tariff with monthly bills, and customers are eligible to earn a dual fuel discount of 12.5% after one year of consecutive direct debit payments.

Mark Daeche, CEO of First:utility, an independent challenger to the “big-six” energy giants, said: “We hope this will come as welcome news to the millions of people who are concerned about the increased cost of heating their homes during this recent spell of cold weather.”

The tariff comes with free installation of a smart meter. The first areas to benefit from First:utility’s roll-out are the Midlands and East Midlands and plans for further areas will be unveiled in the coming weeks.

In the meantime, customers can earn a £20 annual reward for entering at least one meter reading online per quarter.

Daeche added: “First:utility offers a real alternative for people looking for better ways of having their energy supplied, by providing accurate bills, greater visibility of usage and more modern technology which will keep bills low, not just now but in the long term.”

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