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We’ve reduced our gas prices by an average of 5.6%
Written on Monday 9 March 2015 in the category Price Reduction.
It is with great pleasure that we can announce an average 5.6% gas price reduction, which will come into effect from 1st April 2015. We have been able to reduce our prices due to a drop in energy wholesale costs, ensuring our prepayment prices remain highly competitive against the Big Six and other independent suppliers.
We continually review industry tariff prices to ensure ours are as competitive as overheads will allow. This is just one example of how we ensure customer expenses are kept to a minimum, as Bill Bullen (Director and founder of Utilita) explains:
“Utilita’s mission is to keep costs down for each and every customer, therefore we rarely get the chance to announce further price reductions simply because we are already amongst the cheapest suppliers. However, when there are drops in wholesale and distribution rates, we’re eager to pass these savings onto our customers.”
We have decided to take this action and announce a price reduction so our customers can benefit from the drop in wholesale price as soon as possible. Even though the energy market can be volatile and unpredictable, we can proceed with this significant price cut whilst meeting our costs to serve and hope to announce further reductions in the future. Steve Parker, Utilita’s Sales & Marketing Director comments:
“Where other suppliers may make bold price reductions, Utilita see the benefits of reducing their prices slowly but surely, maintaining a less erratic approach to their Smart Energy service – we want to supply our customers for many years to come with a reliable price point and see the road ahead as a long one. We want to invest in our service and products to ensure the prepayment energy market is supplied with facilities they need to access greater savings than a price cut alone would ever achieve”.
We are now approaching our customers to make them aware of their latest energy price cut and will continue to monitor the industry closely to ensure we are offering the best service possible.
To view our tariff prices or obtain a quote online, click here.
*This price reduction will not affect the Norweb, Manweb and Northern regions. Utilita reduced its gas prices in these areas from 1 January 2015. The equivalent weighted average change in these regions was 6.54%.
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