First Utility raises energy prices - Utilities - News - Moneyfacts

News

First Utility raises energy prices

First Utility raises energy prices

Category: Utilities

Updated: 26/04/2013
First Published: 26/04/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The energy supplier, First Utility, has announced it is to increase one of its most popular tariffs by an average of 18%.

The news will come as further disappointment to households already struggling with increasingly high living costs, with the average annual bill of a typical UK energy tariff estimated to be £1,420.

First Utility has faced criticism from consumers groups following the price increase, particularly as many of its 180,000 customers claim they had chosen the company to break away from the 'big six' energy suppliers.

All of the major energy providers upped their prices last winter, coinciding with the country being gripped by sub-zero temperatures.

Mark Todd, director of independent price comparison site energyhelpline, said: "Consumers will be exasperated to see yet more price rises. It seems that the price rise trend has simply become the norm, despite the pledges from the Government that this must end.

"We recommend that consumers should regularly compare and switch suppliers to claw back some of the burden. At the moment there are a number of cheap fixed tariffs available which could protect you from price rises for as long as three years," he concluded.

What next?

Switch your energy tariff today and save up to £331 on gas and electricity for your home

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Water bill increase criticised

Typical water and sewage bills across England and Wales are set to rise by £2 this year to an average of £389, Water UK has announced, but despite the increase equating to less than 1% year-on-year, the move has been heavily criticised.

Will you get A Better Deal from your bills?

It’s the time of year when the heating gets turned up and many of us re-evaluate our broadband packages, but this could all take its toll on utility bills. The Government has announced initiatives to reduce costs in response, but will you benefit?

Brits pay more for TV than council tax

How much do you spend on entertainment every month? Given the rise of streaming and subscription-based services, not to mention the cost of a typical TV package, it could be quite a lot – and many consumers actually spend more on TV than council tax.
 
Close