First Utility

April 17, 2012 06:18 ET

First Utility Offers UK's Cheapest Bill as Household Energy Spending Grows

LONDON, UNITED KINGDOM--(Marketwire - April 17, 2012) - UK household energy spend has grown by 23.5% in the last 5 years according to new figures from the Office for National Statistics (ONS).

The same period has also seen the average household energy bill increase from £660 to £1,252 a year - a 90% rise.

First Utility is currently the cheapest supplier in the UK, with its iSave v10 dual fuel tariff coming in at an average of £1,027 - creating an average saving of £224 for households who switch*. This figure takes into account First Utility's dual fuel discount of £180.

In 2011 First Utility struck a partnership with US smartgrid company Opower to offer services such as text messages or emails to give UK customers the opportunity to make decisions about their energy needs. The messaging service could be implemented and active as early as June 2012.

Discussing the potential of the new service Ian McCaig, CEO of First Utility, stated: "You or I could be sitting at our desk and we could get a prompt that the temperature is going to go up five degrees in the next 24 hours and if you would like to save £20 in the next two days, select profile three and we will adjust your hot water, heating and lighting, based on what the environment is going to be. This is an example of an empowered consumer."

Find out more about First Utility at: http://www.first-utility.com/

About First Utility

First Utility is the smarter independent utilities supplier, offering gas and electricity 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.

*The £224 saving quoted for First Utility's iSave v10 dual fuel tariff was published in The Sunday Times with the statement;
"Switching to First Utility's iSave v10 scheme, an online-only, monthly direct-debit deal costing £1027 [on average] annually, you save £224 a year ..." (Hussain, 2012, p.4d)
Hussain, A, 2012. How To Beat The Income Squeeze. The Sunday Times (Money Supplement), Sunday 18 March, p.4d.
On the topic of First Utility's iSave v10 dual fuel tariff being the cheapest The Sunday Times has stated;
"First Utility has been the cheapest provider since October last year. Last week it launched iSave v10, the cheapest dual-fuel deal, at £1027 ..." (Hussain, 2012, p.5b)
Hussain, A, 2012. Consumers Urged to Take Power Away from the Big Six. The Sunday Times (Money Supplement), Sunday 19 February, p.5b.
Electricity and gas prices vary by region. £1,027 is the average annual bill across all regions of the UK, inclusive of dual fuel discount at 13% (capped at £80 for Electricity & £100 for Gas inc VAT) and based on average energy consumption per year of 3,300 kWh for electricity & 16,500 kWh for gas.

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