First Utility makes a smart move and undercuts E.ON to remain cheapest national dual fuel provider

First Utility (www.first-utility.com), the UK’s leading independent energy supplier, is once again the UK’s cheapest dual fuel provider due to price cuts to its iSave and Smart tariff. 

Within hours of E.ON announcing that its FixOnline V3 tariff was the cheapest earlier today, First Utility has adjusted its iSave dual fuel prices to ensure that it remains in the top spot.  For customers in the East and West Midlands, it has also reduced prices on its Smart tariff, which means that they too will see a drop in their energy bills, as well as receiving a free smart meter.

The move means that first:utility remains the UK’s cheapest energy supplier, undercutting E.ON. An average iSave energy bill with First Utility is now £954 compared to £961.77 with E.ON.  An average Smart energy bill with First Utility is now £944.  first:utility will guarantee these iSave and Smart tariff energy prices for a minimum of 3months.

First Utility’s Chief Executive, Mark Daeche, said: “Today sees the second price cut from first:utility in three weeks and demonstrates our commitment to UK consumers and to maintaining our position as the challenger in the UK energy marketplace. As an independent energy company we are able to be more nimble and react more rapidly to market conditions than the established players.”

Notes to Editors

About first:utility   

First Utility is the smarter independent utilities supplier, offering electricity and gas services.  It is the only energy provider to roll out smart meters to all its business customers.  First Utility is rolling out smart metering to all domestic customers starting with the East and West Midlands.  It is through the use of smart metering technology that first:utility can empower consumers to manage their own energy consumption and bills. It is headquartered in Warwick.
www.first-utility.com

About iSave

•    This is an online tariff only and consumers can register via first-utility.com or through a switching site.
•    Monthly online billing only
•    iSave customers will be eligible to receive a dual fuel discount of 12.5% after 12 consecutive direct debit payments.
•    A further £20 reward is given at the end of the first 12 months based on the customer submitting at least one meter reading per quarter

About Smart tariff
•    Only available in the Midlands and East Midlands
•    Free Smart Meter
•    Smart customers will be eligible to receive a dual fuel discount of 12.5% after 12 consecutive direct debit payments 
•     Accurate monthly bills - No more over-estimating and holding onto money.
•    Remote meter readings  first:utility’s smart meters download gas and electricity readings daily and send them straight to HQ, removing the need for meter reading house visits.
•    It's all online. Electricity usage is measured every 30 minutes and gas daily. Both can be viewed online, giving customers the power to reduce energy consumption and monthly bills.

For further details or to speak to First Utility please contact:
-    Sian Gaskell siangaskell@cubaneight.com
01869 238089 / 07879 997 885
-    Rachel Brewin rachelbrewin@cubaneight.com
01869 238089 / 07879 997 886