First Utility launches UK’s cheapest energy tariff with no fixed term

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New tariff available exclusively through First Utility’s new website.

First Utility - there is a better way

First Utility - there is a better way

First Utility, the UK’s largest independent energy supplier, has today launched the cheapest energy deal currently on the market with no fixed term.*

The new variable iSave v16 tariff is available exclusively online via the First Utility website.

The iSave v16 tariff costs £1,155 a year at an average consumption of 3,300 kWh of electricity and 16,500 kWh of gas at the national average. With no early termination charges or minimum terms, it allows customers to benefit from the cheapest variable deal without having to worry about penalties or charges.

Ed Kamm, Chief Marketing Officer, First Utility, commented:

“We are constantly looking at ways in which we can provide consumers with the best deal on energy and the launch of our iSave v16 variable tariff is the latest step in that journey.”

“As the UK’s largest independent supplier we have a responsibility to loosen the stranglehold that the Big Six have on the UK energy market for the benefit of hard pressed consumers and offering the cheapest variable tariff in the market should be welcome news.”

The new website-only tariff is launched in conjunction with First Utility’s new branding and website, part of the company’s evolution as a major disruptive player in the UK energy market that is working hard to deliver a better deal for consumers.

First Utility aims to deliver a better way for consumers to engage with energy companies by focussing on great value tariffs and helping customers reduce their energy usage.

iSave v16 is available to both new and existing customers via the new First Utility website.

Notes to editors:

  • Prices vary by region and usage. The calculations and comparisons used here are based on OFGEM average usage data of 3,300kWh of electricity and 16,500kWh at the national average.
  • The iSave v16 is the cheapest variable rate tariff that has no exit fees or fixed term contract as of the 26th June 2013. There may be other, cheaper tariffs available which include early termination fees or fixed term contracts.
  • The iSave v16 isn’t available from switching sites, it is only available via the website.

About First Utility

First Utility is the UK’s largest independent energy supplier. It supplies gas and electricity to over 180,000 residential and business customers throughout the UK. First Utility is pioneering the use of new technology within the energy sector to empower its customers to control their energy spend. It was also the first UK energy supplier to offer smart meters to all its customers in 2008. In 2012 it launched my:energy, an online analytics service which provides households and businesses with personalised information regarding their energy usage with the aim of giving customers cheap electricity and gas.

*Based on OFGEM average consumption data at the National Average - (this comparison is calculated on the average consumption of 3,300kWh of electricity, 16,500kWh of gas).

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