Ovo implement price cuts while First Utility reveal price rises
Published on : 04/07/2012
Compare all energy suppliers
9 out 10 can save money!
A cut of 4.5 per cent, it will see the average household pay around Â£1,088 annually for a New Energy dual fuel tariff - in comparison to the Â£1,140 previously paid each year.
Following the cuts Ovo's standard fixed energy tariff is now the fifth cheapest available on the market - sat in behind EDF Energy, Scottish Power, Sainsbury's and Npower according to Utility Week.Â Ovo's decision to implement a price cut has left many speculating over whether the big six energy companies will follow suit.
Meanwhile, First Utility has increased the price of its variable deal by Â£101, Â increasing to Â£1,128 each year; in light of the increase First Utility's deal is now the eighth best deal available on the market.
Latest gas and electricity news brought to you by UK Power - the energy price comparison site.