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First Utility Concerns
Comments
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That's right it's a 3 month fixed price contract but to be eligible for the 13% cash back you must stay for 12 months whatever the price is after 3 months. They may be the most expensive supplier and if you leave 13% of whatever you have spent so far is quite a large amount to lose.I've had almost 12 months with NPower with no problems at all. I'm looking to switch at end of July and First Utility is coming at the top. However, I notice that their v10 tariff, although marked as 'fixed', is only guaranteeing 'no increase for 3 months'. Their website also is confusing about which tariff they are offering. That looks like an underhand way of attracting customers and I'll probably steer clear.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S)
Loans cost 2.9% per year (Nationwide) = FREE money.
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Imo annual discounts paid in arrears should not be allowed to be included in the figure shown on the switching sites. I wonder what %tage of punters signing up to them actually realise they will have to remain with that tariff (and not miss a DD) for the full 12 months to see that 'saving'? 0.5%? Yet another sneaky energy supplier tactic.0
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MillicentBystander wrote: »Imo annual discounts paid in arrears should not be allowed to be included in the figure shown on the switching sites. I wonder what %tage of punters signing up to them actually realise they will have to remain with that tariff (and not miss a DD) for the full 12 months to see that 'saving'? 0.5%? Yet another sneaky energy supplier tactic.
I'm reasonably ok with the annual discounts being included, but only where the deal is a fixed tariff and runs for the matching annual term. As you state above, First Utility have found a way of elevating themselves to the top of a comparison sites, while offering a deal that could end up being the worse one. It's this kind of underhand business that we were promised action on by OFGEM.0
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