You are here: Home - Household Bills - News -

Market-leading energy deal pulled

Written by:
Households are running out of time to bag a cheap energy deal and cushion themselves against further energy price hikes this winter, according to
Market-leading energy deal pulled

This warning comes as First Utility pulls its market-leading iSave Fixed v3 plan off the market with immediate effect.

This plan, at £1,040 a year, was the cheapest on the market, offering consumers a competitive price with a fixed price guarantee until the end of 2013.

Tom Lyon, energy expert at, says: “What First Utility’s move today means is that consumers who want to fix their energy prices cannot afford to hang around. The cost of fixed price plans is creeping upwards and exit penalties are creeping back in.

“The fact is that consumers acting today are able to get an exceptional deal – a low price today, coupled with a price guarantee and no exit penalties. But this type of offer is not going to be around for long.”

According to, ScottishPower’s Online Fixed Price Energy January 2014 is the cheapest plan currently on the market. This deal is also fixed price, offering peace of mind until the end of December 2013.

Unlike the First Utility tariff, it doesn’t carry any exit penalties leaving consumers with the flexibility to switch again in the future should a better deal come onto the market.

However, at £1,052 a year, the ScottishPower plan is £12 a year more than the old First Utility tariff.

This is the second market-leading plan to be pulled in recent weeks. One of the most popular fixed price deals – EDF Energy Blue + Price Promise April 2014 – was removed at the end of August.

Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
SIPP changes could lead to abuse

A pensions specialist is challenging calls from a Conservative councillor to lifts restrictions on residential property investment in SIPPs, stating...