First Utility’s energy plan switch pushes up bills £200 a year

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Households signed up to one of First Utility’s energy plans are paying nearly £200 a year more on average for their gas and electricity – as of yesterday.

The group shifted customers on the iSave v12 plan to the dearer iSave Everyday tariff from the beginning of this month.

Average bills will rise from £1,054 to £1,250 a year, equating to an 18.6 per cent price rise, according to the price comparison website uSwitch.

This is the latest in a series of price increases from independent suppliers. Co-operative Energy and OvoEnergy – alternatives to the industry ‘big six’ – increased prices last month. The ‘big six’ imposed or announced rises late last year.

Jeremy Cryer, energy spokesman for comparison site GoCompare, says: ‘An increase in prices from energy providers doesn’t necessarily mean increases for all customers.

‘Many providers have different  tariffs for different regions. Some headline increases, such as those by First Utility, simply mean that a cheaper fixed tariff is ending.’

via First Utility’s energy plan switch pushes up bills £200 a year | This is Money.

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