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first:utility disguises termination fees as "discounts"
Consumerist
Posts: 6,311 Forumite
in Energy
According to the UK Power comparison site, the first:utility iSave v9 dual fuel tariff is a fixed tariff for only three months and has the following "discounts" arrangement :-
What real hope is there of the energy companies getting behind Ofgem's proposed changes to licence conditions if this is their idea of simplicity and transparency?Dual fuel discount of 13% payable annually after 12 consecutive Direct Debit payments (included in price displayed). The dual fuel discount is capped at £80 (inc VAT) for electricity and £100 (inc VAT) for gas. This discount is paid annually and is subject to a minimum spend of £600 per annum. Customers who leave within the first year will not receive these discounts.
Warning: In the kingdom of the blind, the one-eyed man is king.
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Good post.You have said it all.0
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