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First Utility’s new tariff is cheapest energy deal available

The iSave Fixed v9 April 2015 is now the cheapest fixed price energy contract on the market

The iSave Fixed v9 April 2015 now tops the cheapest fixed price energy table

The new plan will cost the average consumer £1,170 per year and ensures energy prices are fixed until 30 April 2015.

Customers who decide to switch to this tariff will find themselves unaffected by the widely expected pre-winter price rises, for both 2013 and 2014.

The deal replaces the iSave Fixed v8 and has a £30 per fuel cancellation.

The cheapest deal on the market

iSave Fixed v9 April 2015 replaces M&S Energy’s Fix & Save, as the cheapest fixed price deal, after the latter was taken off the market yesterday.

Other options for those looking to avoid price rises include npower’s Online Price Fix November 2014 tariff, which costs the average user £1,182 per annum and does not carry any early exit fees.

ScottishPower’s Help Beat Cancer Fixed Price Energy January 2017 tariff is priced at £1341 per year for the average consumer and includes a £10 donation to Cancer Research UK for each new customer, and a further £10 contribution for every year a customer stays on the plan. The tariff also includes a £25 per fuel cancellation fee.

‘Fight the Power’

First Utility, recently made headlines with its “Fight the Power” campaign, which aims to reduce the amount of time which it takes for a consumer to switch from one supplier to another.

Speaking on the initiative, First Utility’s CEO Ian McCaig said: “We are trying to bring to consumers a better deal, change the industry for the better, and make energy much less of a problem for every household in the UK.”

*The price of the contracts mentioned in this article are based on the consumption of an average British consumer, using 3,300 kWh of electricity and 16,500 kWh of gas every 12 months and paying monthly via direct debit.

Read more

First Utility calls for one-day switching

 

  • dixie

    this is all very well but howabout help for those of us who choose prepayment,we use this as pensioners it suits us we are in control !! not the energy fat cats however we are penalised for this method paying more under the guise of administration its about time this was stopped it isnt fair and I would say its discrimination,after all they get our money first not after .

    • Peter

      You can be in control AND have a normal meter. Your attitude is costing you money AND putting more money into the pockets of the fat cats you are so keen to “beat”.

      • rosslyn

        – the “attitude” of power companies towards customers who choose prepayment in order to budget does need to change and maybe you should change yours too

    • HevT

      switch to a monthly direct debit and save money.Your pension is paid into a bank so much easier for you really.I’m a pensioner but have my wits about me.Stop whinging and using outdated sayings.Dont be stubborn and change the method of payment.You might save more money than you thought if they give you money off for having both gas and leccy,

    • Rod

      Standing charging are high and emailing your MP will help if a lot email their MP.
      EDF is the cheapest so far I have come across.
      And ask them for the best deal and when asked to pay more say no.
      Because EDF does understand if you cannot pay high direct debit.
      They need you and £20 per month direct debit is enough to pay.

    • paul assassin

      FULLY AGREE WITH YA

  • Bob

    £97.50 per month!!! I spend less than £49 per month on electric. How is this saving me money???

    • Peter

      Because its highly unlikely your usage matches the example given above. Why can’t people understand how this works, it hasn’t changed in decades.
      By the way, you realise that is for gas AND electricity, right. So if your bill was £97, you’d likely be saving a fortune!

  • marjorie Jackson.

    Who you with Bob I pay £105 month I would love too pay what you pay or have you just got a 1 ring cooker and no radiators sorry for being a bit blunt but I just can’t believe what you pay.

    • Peter

      So you have no heating at all? And why does it matter how many rings you have on your cooker? Its the amount of time that the oven is on that counts.

  • underdog

    Marjorie Jackson, why is paying under £50 per month strange? I have a 4 ring cooker and gas radiators and pay £33 per month – DD, and always have a credit at the end of the quarter – so Bob’s costs are not so odd. Try comparing the size of the house and if your kids are on the internet day and night or using electrical gadgets non stop,instead of how many rings you have on your cooker.

    • Ice_Berg

      I’ll tell you why it’s strange,

      So from the beginning the standing charge varies for both meters between 37p-68p/day (£138-£246/year) now your annual cost you say is less then £400/year (£33/month).

      Hence your spend on energy at best on the average standing charge of £180/annum is (£400 -£180) £220. That would equate to 2000kW.h 11p/kW.h of electricity and nothing else.

      Average use is 3300 kW.h/annum, I use 2800kW.h a year and cook by electric (which bears mentioning) with all the rest on lights, tv,w/m, just the usual stuff.
      I’m paying £360 yearly for electric alone and using 7kW.h/day and even if I never used a kW.h of gas I’d have to pay another £100 a year for the gas meter standing charge. So without heating or hot water I’d be paying £460 yearly.

      There again you could live in a studio flat with no exterior walls and work away Monday to Friday….But if not tell us how you manage it, please.

  • AVIS LOQUENS

    dONT YOU JUST LOVE THE IRONY OF THE ADVICE BEING OFFERED BY THE ENERGY SAVING gURUS “dONT USE IT!!!!!!!!!!!!!!!

  • Philip

    The Government says they have forced energy companies to make tarriifs simpler to understand and compare. However when I tried to compare it was impossible since some had standing charges and some did not. Generally higher standing charges resulted in lower unit prices. This meant if you chose a tariff with a high standing charge and lower unit price and reduced you usage you would pay proportionatelly more. The converse is also true. Unless you know exactly what you will use you cannot compare. The only way is for all suppliers to charge the same for standing charges or to abandon them. Then you could say gas 3.5p per kw here or gas at 3.6 there – that’s a no brainer now. Then there are discounts for dual fuel, direct debit, discounts for annual consumtion and so on. YOU CANNOT COMPARE PRICES AND THAT’S WHAT THEY WANT.

  • Ms Mackie-brown

    Npower may offer attractive fuel charges. Unfortunately what they don’t admit to is their incompetence with their billing system. Twelve months on they still cannot sort out a technical problem with their system and I’ve not had a gas bill in all that time! Seriously consider Npower as a supplier. Ms mackie-brown (Devon)

  • james

    but how much does it cost for standing charge, and what price are gas and electric per K/Wh that’s the only way to make a true comparison

  • Consumer H

    It should be mandatory that energy bills show ” environment tax” It is not a levy, but government imposed charge,to satisfy EU and pressure groups.

  • geronimo

    All I need is to know that I and my wife will be warm,as all pensionwers know we have to warm our homes all day long and it is becoming more expensive each year,so,can I trust this p[romise of a better deal

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