UK energy supplier First Utility has joined the country’s Big Six and announced an increase in pricing that will affect over 154 000 customers.
Customers can expect prices to increase by £117 a year, rising to £1,254 from April 1st 2019.
The supplier joins all of the Big Six energy companies, as well as smaller providers such as Toto Energy, Tonik Energy, Bristol Energy and OVO Energy, in increasing prices in line with Ofgem’s energy price cap.
Only two of the country’s energy suppliers, namely Bulb Energy and Igloo Energy have reduced pricing for customer.
A spokesperson from First Utility said “Ofgem recently announced that it would be increasing its price cap by an average of £117 a year to accurately reflect the rising costs of energy, including wholesale and policy costs.
“These costs are felt by all suppliers and as a result, First Utility will be increasing the price of its variable tariff in line with Ofgem’s assessment. The majority of our customers will not be affected by this price adjustment because they are on fixed-price contracts, a result of our ongoing engagement with customers to ensure they are on the best deal for them. We encourage all our variable tariff customers to consider our fixed-price tariffs which provide long term price certainty.”