First Utility

allan1983

According to Uswitch, First Utility are now the cheapest provider of gas and electricity for us, saving £144 over British Gas Click 5.

Should I switch or should I be wary??

Ive never heard of these people.

1carminestocky

My only worry (actually it wouldn't be my only one, just the main one) would be waiting for the £100 discount for 12 months from what appears to be a very small company.

allan1983

In my opinion, unfortunately, small, new companies with no track record seldom live up to what they offer when they start, I just wondered if other people felt any differently or had any inside info on these guys.

I think my gut instinct is to steer clear and stick with money grabbing, profiteering, well known BG!:rotfl:

KimYeovil

Paying hundreds of pounds weeks in advance every month to an unregulated and unprotected cash card account carries few risks, of course.

1carminestocky

KimYeovil wrote: »

Paying hundreds of pounds weeks in advance every month to an unregulated and unprotected cash card account carries few risks, of course.

You're still sore that I gave you a real showing up with your Scottish power 'claims', aren't you? Shall I resurrect the thread and ask AGAIN for an apology for falsely labelling me a liar when it was you who was lying all along? Seriously, get over it, KY, you showed yourself up, nowt new there, nobody died and it's only the internet after all.

KimYeovil

<sigh> (Sorry about this, Allan.)

I think you have the outcome slightly addled. Steve Jobs has competition for his distortion field.

property.advert

I see Ovo as wiping the floor with First Utility for electric only

Simple maths

Standing charges

Ovo - £63.00
FU - £0.31 per day = £115

Energy costs

Ovo - 7.98p per unit
FU - 7.791p per unit

FU £20 annual discount for supplying meter readings

Thus, the maths is (115-20-63)/(7.98-7.791)*100=16,913

So, you'd have to use 16,913 units of electric per annum to break even on FU's prices !

Go dual fuel and take the 12.5% discount which you are promised, then you would only have to use 2,752 units of electric to make FU viable on electricity (115-20-63)/(7.98-(7.791-12.5%))*100=2,752. Whether it compares well on gas I don't know as I do not have gas.

1carminestocky

KimYeovil wrote: »

<sigh> (Sorry about this, Allan.)

I think you have the outcome slightly addled. Steve Jobs has competition for his distortion field.

<double sigh> (Genuinely sorry about this, Allan)

If you think you have more legs to stand on than Douglas Bader on this one, maybe you should re-visit the scene of your embarrassment and put forward your case (you seemed mighty happy to let it disappear into the ether). The thread is here (be my guest),

http://forums.moneysavingexpert.com/showthread.html?t=1851249&page=2&highlight=scottish+power