Ofgem minded to allow Shell Energy to claim £354k

The amount is for the costs incurred in acting as a Supplier of Last Resort

First Utility rebranded as Shell Energy and offers 100% green power

It comes a year after Shell bought First Utility, one of the largest challenger energy suppliers in Britain

Editorial – Price cap dominoes – a losing game for us all?

As another supplier raises to the price cap, is it really going to offer consumers better deals?

First Utility latest supplier to increase energy bills

More than 154,000 customers will see their tariffs rise to £1,254 a year, in line with Ofgem’s energy price cap

First Utility chosen to take on customers of failed Usio Energy

Around 7,000 customers will be switched over to their new supplier tomorrow

Shell completes buyout of UK’s First Utility

Shell has completed the acquisition of Impello Limited and its subsidiaries, active under the brand First Utility. The supplier, which provides household energy in the UK, has become a wholly-owned subsidiary of Shell, within its New Energies division. The news follows the European Commission’s approval of the deal last week. Colin Cooks, Shell’s former Vice […]

Shell enters the domestic energy market

Shell has entered the UK’s domestic energy market with the purchase of independent supplier First Utility. The energy giant says the move will allow more innovative services for customers to be developed and allow the company to expand its business into the steadily growing residential sector. Mark Gainsborough, Shell’s Executive Vice President of New Energies, […]

First Utility hikes energy prices by 9.7%

First Utility has announced it will be increasing gas and electricity prices by 9.7%. It will come into effect on 1st April and will add £8.80 to the average monthly bill. That means a rise of £105.60 a year, taking the total average annual bill to £1,148. The energy company says the price rise will […]

‘Inactive Big Six will sit back and wait for CMA fixes’

  The inactive Big Six will sit back and wait for the Competition and Markets Authority (CMA) fixes. That’s according to Ed Kamm, Managing Director of First Utility who spoke to ELN today after the CMA evidence hearing at Westminster. He said energy suppliers, particularly the Big Six, need to do more to help their customers get onto […]

Flood of new energy tariffs ‘could bamboozle customers’

More than 1,300 energy tariffs are to “flood” the market as the removal of the four-tariff rule comes into effect. Independent energy supplier First Utility warns consumers could be “completely bamboozled” as a result of Ofgem removing the restrictions. Although the rule was officially removed last week, suppliers were free to start offering more than […]