First:Utility energy plan 'the cheapest'
www.moneynews.co.uk > General finance > First:Utility energy plan 'the cheapest'
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First:Utility energy plan 'the cheapest'
Mon 1st Mar 2010
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New figures from uSwitch.com show that the energy provider's deal is £10 cheaper than British Gas - which offers the lowest price out of the Big Six suppliers - at £889 a year.
In addition, it also has the cheapest direct debit standard plan.
Commenting on her firm's findings, uSwitch.com energy expert Emma Bush remarked: "First:Utility is giving consumers a viable alternative to the big six energy suppliers. If it can continue to punch above its weight it stands a very good chance of shaking up the market."
According to Ms Bush, at an average of £912, online plans can be up to £300 cheaper than standard deals but only five per cent of households use one.
British Gas recently announced a 58 per cent rise in year-on-year profits in its residential sector but warned that wholesale prices may increase again this year.
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