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First Utility has made its 12th price cut of the year, launching its cheapest deal since December 2011.
A typical usage dual fuel household will pay £783 per year on the tariff with prices locked until April 2017.
The UK’s largest independent supplier has cut prices 12 times in the last year with the announcement of a new one-year fixed tariff which is £23 less than its previous cheapest deal.
This means an average saving of £306 for a customer that is currently on a big six variable tariff.
First Utility managing director Ed Kamm said: “70 per cent of Big Six customers are on the most expensive products, the standard variable. These customers are being kept in the dark – the reality is that even with the recent price cuts, there is still an enormous gap between their prices and the cheapest ones on the market – with more than £300 to be saved by switching.”
The tariff is available to new and existing customers who are renewing their fixed term contracts.
The supplier announced last month that it had cut its First Fixed March 2017 v4 tariff by 2.2 per cent to £805.80 for a dual fuel household with typical usage, and has locked in prices until March 2017.
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