First Utility launches cheapest energy tariffs

by Matt Ridout on 25 September 2012  |  2 comments
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First Utility has launched two new tariffs which are the cheapest around.

Energy supplier first:utility has announced the launch of two new cheap tariffs, the iSave v12 online variable tariff and the iSave Fixed v4 tariff, which sees prices fixed until 31st March 2014.

Having seen a number of suppliers pull top tariffs in the past few weeks, in addition to supplier SSE’s recent price hike, this move should cause some cheer. With energy bills expected to soar above £1,400 on average next year the launch of these new tariffs is great news.

The iSave v12 tariff costs on average £1,054 a year, a £256 saving from the average UK dual fuel energy bill (source: Ofgem). The iSave Fixed v4 costs on average £1,087 a year and is currently the cheapest fixed deal available, saving £223 over the average UK dual fuel tariff. Prices for this tariff are fixed until 31 March 2014, but there are cancelation penalties of £30 per fuel for leaving prior to the end of the fixed period.

We recommend that you compare your energy suppliers often to ensure that you are paying as little as possible for your energy. With many tariffs disappearing recently it is imperative that you seize the opportunity to get the best deals while they are available.

Below is a list of the current cheapest tariffs available as of 25th September 2012

* against typical bill of £1,345 per year as estimated by Ofgem. All costs are for a yearly average usage dual fuel household paying by monthly direct debit. Average usage defined by Ofgem as 16,500 kWh p.a. of gas and 3,300 kWh p.a. of electricity.