First Utility

August 02, 2012 06:45 ET

First Utility Launches Cheapest Fixed Price Energy Deal in the UK

LONDON, UNITED KINGDOM--(Marketwire - Aug. 2, 2012) - First Utility (, the UK's leading independent energy supplier, has announced the launch of the UK's cheapest online and fixed tariff, iSave Fixed v3.

At an average cost of £1,040*, iSave Fixed v3 is £259 cheaper than the most expensive 'Big Six' equivalent energy deal**. The tariff allows customers to fix the prices of their gas and electricity for the next 17 months, right up until the end of December 2013.

Darren Braham, co-founder of First Utility, commented on the launch: "iSave Fixed v3 is not only the cheapest fixed online tariff on the market, but it is on average £103* cheaper than all the other fixed tariffs available today. In launching this tariff, we're aiming to bring further competition to the market and offer consumers a real alternative to the Big Six suppliers, something that consumer champions and industry experts continue to call for."

"We believe our market-leading deal will appeal to people looking to save money on their energy bills, as well as those looking for peace of mind," Mr Braham continued. "With fixed prices until December 2013, the tariff is appealing in both the short term and also for those looking for longer-term price security."

Consumers can get a quote for iSave Fixed v3 in minutes at:

About First Utility

First Utility is the smarter independent energy supplier, offering electricity and gas services to a range of consumer and business customers. It is the only energy provider to roll out smart meters to all its customers, throughout the UK. It is through the use of smart metering technology that First Utility can empower consumers to manage and reduce their own energy consumption and bills. First Utility is headquartered in Warwick and has over 100,000 customers throughout the UK.

* First Utility's new iSave Fixed Price v3 costs an average of £1,040 per annum based on a medium user. This figure is calculated on an average consumption of 3,300 kWh of electricity and 16,500 kWh of gas.
** Comparable figures from the 'Big Six' suppliers are as follows:
British Gas - Fixed Price April 2014 (£1,299 per annum, +£259 difference to First Utility)
SSE - Fixed Discount April 2014 (£1,151, +£111)
EDF - Blue + Price Promise September 2013 (£1,054, +£14)
EON - Fixed Price April 2014 (£1,160, +£120)
Scottish Power - Online Fixed Price Energy November 2013 (£1,052, +£12)
Npower - n/a

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