First Utility

May 24, 2012 13:02 ET

Introducing the UK's Cheapest Fixed Price Energy Deal from First Utility

LONDON, UNITED KINGDOM--(Marketwire - May 24, 2012) - Leading independent UK energy supplier First Utility (http://www.first-utility.com/) has introduced a new market-leading fixed tariff - iSave Fixed Price v2*.

With an average annual tariff of £1,047, the new dual fuel deal will reassure customers looking for security on their bills with an energy price fixed until September 2013.

The introduction means that First Utility now offers both the UK's overall cheapest energy deal, the iSave v10** (£1,027) and the UK's cheapest fixed-price energy deal (£1,047). These values are inclusive of First Utility's dual fuel discount, which customers receive after each 12 month period they spend with the company.

Darren Braham, Chief Financial Officer at First Utility commented: "The recent focus on collective switching initiatives is making for an interesting and more dynamic marketplace for consumers and it's helping to engage more people in switching to get better deals. We are determined to maintain our market-leading prices and our new fixed tariff is ideal for people who want a greater degree of certainty over their bills."

In 2011 First Utility announced a partnership with Opower, the leading US efficiency and smart grid software company, to create a programme which could reduce UK households' energy bills by as much as £400 million each year. The service is expected to go live later this year.

Learn more about the range of tariffs offered by First Utility at: http://www.first-utility.com/home-energy/our-tariffs.

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 free to all its customers, throughout the UK. It is through the use of smart metering technology that Energy supplier First Utility empowers consumers to manage and reduce their own energy consumption and bills. First Utility is headquartered in Warwick and currently has 80,000 customers across its portfolio.

*First Utility's new iSave Fixed Price v2 costs an average of £1,047 per annum based on a medium user. ** First Utility's online iSavev10 costs an average of £1,027 per annum based on a medium user.

Note: iSave Fixed Price v2 prices are fixed until 30th September 2013

Contact Information