First Utility to freeze prices for customers this winter

In a bid to provide some much-needed relief to its customers energy supplier First Utility has revealed plans to freeze gas and electricity prices on all its tarrifs until March 2014.

The company, which is the UK’s largest independent energy supplier, will give consumers extra peace of mind at a time when there is rising pressure on household budgets and when energy bills are at their highest.

The guarantee will ensure that all existing First Utility variable tariffs won’t see any increase in standing charge or unit rates until after the winter. First Utility currently offers the cheapest fixed rate tariffs through to 2015 and 2016 respectively along with the cheapest variable tariff with no-up-front costs.

Ian McCaig, CEO of First Utility commented: “The rising cost of energy affects us all and many consumers will be worried about how it will impact their bills this winter. First Utility is genuinely focused on reducing energy costs for consumers and our promise to hold down prices until after the winter lessens the worry about heating their homes during the coldest months of the year.”

He adds: “Our promise will protect families from feeling the brunt of energy cost increases during the coldest months. As the largest UK independent, we believe we have a responsibility to loosen the hold the ‘Big Six’ has on the UK energy market for the benefit of the hard pressed consumers and our winter price hold supports this ambition. We encourage the ‘Big Six’ to follow our lead and guarantee peace of mind for worried customers this winter.”

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