Cashback silver lining for energy switchers

uSwitch.com has lined up an exclusive cashback offer with First:Utility that will leave cash strapped householders quids in.

Anyone switching to First:Utility's ‘iSave 8' dual fuel energy plan through uSwitch.com before 12th October will get £75 back in cash. The plan costs £1,032 a year - just £42 a year more than ScottishPower's Online Energy Saver 15, currently the cheapest plan on the market. But once the £75 cashback is taken into account the price of the First:Utility plan effectively drops to £957 in the first year making it more cost effective.

The cashback is available to new customers only who switch both their gas and electricity and pay by direct debit. Customers can receive their cashback after being with the supplier for just a few months. There are no cancellation fees plus the tariff comes with a ‘price freeze' guarantee which means customers won't see a price rise for at least three months this winter.

Tom Lyon, energy expert at uSwitch.com, says: "With winter on the way this is a competitive deal that will put cash back into customers' pockets. It's also a great opportunity for anyone who would like to move away from the traditional big six and try out a smaller supplier while still getting a competitive price.

"If you time it right you could get the £75 cashback in time to put towards your end of winter fuel bill. The price freeze provides another incentive as it means customers can get through at least three months this winter without having to worry about their energy prices."