First Utility increases energy prices

First Utility is the latest energy supplier to increase its standard variable tariff - with a 5.9% increase to take effect from Monday 23 July, adding £67 a year to a typical household bill.

The supplier has around 825,000 customers, with about 20% on its standard variable tariff - so the price rise is likley to hit around 165,000 people.

The move follows other price increases across the energy market, with both Bulb and Utility Warehouse increasing their prices just last week. All of the big six have also increased the cost of their standard variable tariffs in recent months - with SSE the last of the giants to announce a price increase in May.

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