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

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

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

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

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

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 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 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 […]

  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 […]

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 […]