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Press Release

First Utility launches new ‘Price Promise’* guaranteed to be cheaper than the “Big six” tariffs

>PRWEB.COM Newswire

London (PRWEB UK) 18 March 2013

The ‘Price Promise’ will feature in First Utility’s brand new tariff, iSave Everyday, which guarantees to be cheaper than the “Big Six” dual fuel standard tariffs.

First Utility will track the “Big Six” on a weekly basis and will ensure that the iSave Everyday tariff average price (calculated on a National basis) is cheaper than each of the “Big six” standard dual fuel tariffs. With no early termination charges or minimum terms, the new tariff allows customers to benefit from flexibility when choosing their energy provider.

Ed Kamm, Chief Marketing Officer at First Utility says: “The rising cost of energy affects us all and we at First Utility want to do something about it. The launch of our new iSave Everyday tariff together with our Price Promise will ensure consumers have a better deal when compared to the “Big Six” dual fuel standard tariffs. We are committed to driving innovation and competitive pricing for the UK consumer and our Price Promise supports this ambition.”

iSave Everyday will be priced at £1,250 per annum at launch (based on an average electricity consumption of 3,300kWh and average gas consumption of 16,500kWh).

First Utility has also launched a new dual fuel fixed rate tariff. The iSave Fixed v7 has a fixed rate until September 2014 giving customers up to eighteen months of price certainty.

Ed Kamm of First Utility, adds: “For customers wanting certainty we’ve also introduced a new fixed rate tariff. Our iSave Fixed v7 tariff will give consumers the added security of fixing their energy prices for up to eighteen months through September 2014.”

Both new tariffs will be available to new and existing customers through the First Utility
website, energy comparison sites and selected partners of First Utility.

For more information, please contact: Laura Harris, Grayling, on 0207 025 7558 or email laura.harris(at)grayling(dot)com.

Notes to Editors:

About Price Promise

*The First Utility Price Promise relates to competitor standard variable tariffs by the "Big Six" (British Gas, EDF, E-ON, Npower, Scottish Power, SSE) energy suppliers. We will compare iSave Everyday to these tariffs on a weekly basis using the industry average consumption values of 3,300kWh for electricity and 16,500kWh for gas. If a "Big Six" tariff is cheaper than iSave Everyday we will reduce your prices within 60 days.

About iSave Fixed v7

The new dual fuel fixed rate tariff will be priced at a fixed cost of £1,195, based on the National Average Consumption of 3,300kWh Electricity and 16,500kWh Gas.

About First Utility

First Utility is the UK’s largest independent energy supplier. It supplies gas and electricity to over 180,000 residential and business customers throughout the UK. First Utility is pioneering the use of new technology within the energy sector to empower its customers to control their energy spend. It was also the first UK energy supplier to offer smart meters to all its customers in 2008. In 2012 it launched my:energy, an online analytics service which provides households and businesses with personalised information regarding their energy usage with the aim of giving customers cheap electricity and gas.

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