One of the UK's big six energy suppliers has unveiled a new long-term fixed price energy deal, which will see it donate money to Cancer Research UK for every new customer signing up for the product.
ScottishPower has stated it will pledge £10 to the charity as part of its Beat Cancer Fixed Price Energy January 2017 deal. The energy supplier has also said it will make further donations of up to £10 per annum for each month the customer remains signed up for the tariff.
Customers who opt in for the deal will be able to benefit from fixed energy prices until 31 December 2016 - when it ends. As part of the deal, customers wanting to switch to a competitor at any point will be able to pay an exit fee of £25. If they choose to switch to another ScottishPower tariff no exit charge will be incurred.
Chief executive at ScottishPower Retail and Generation, Neil Clitheroe, spoke about the new deal.
He commented: "The Help Beat Cancer Fixed Price Energy January 2017 deal is designed to offer customers peace of mind, and it is currently the longest fixed price product in the market. We believe the product is competitively priced, and offers good value for those customers who are seeking to fix their energy prices.
"We also hope that the new product will raise more money to support to Cancer Research UK's pioneering work.
Mr Clitheroe also took time to commend the efforts of ScottishPower customers and consumers for their support of Cancer Research UK, adding that the company had raised more than £2 million since February 2012.
ScottishPower is one of a number of UK energy suppliers which is participating in the Green Deal. Under the Green Deal, homeowners can apply for funding to add energy-efficient elements to their home - such as new boilers or loft insulation. However, rather than paying the money back in one lump sum, homeowners can pay it back as part of their energy bills.
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