As the UK’s leading pay-as-you-go energy supplier, Utilita play a huge roll in the lives of countless citizens of the United Kingdom. Established in 2004, Utilita came to the market with a view of simplifying the service customers were used to getting from the Big Six. Needless to say, that’s been a huge success for the company, although there is one area that still requires much greater simplification – the way they share their news.
Yes, despite having hundreds of thousands of customers, they still aren’t great at sharing the biggest new stories relating to their business. So, we’ve decided to put them all together in one place – here! Join us, won’t you?
Energy prices in more than 4 million British homes have been capped by the energy regulator Ofgem in a move to bring down bills for customers with pre-pay meters. On average, the cap will mean that customers who per-pay for gas & electricity will not pay more than £1,067 a year from April, a saving of £60 a year at present.
It comes after the Competitions and Markets Authority made recommendations after a two-year probe into the consumer energy market found that pre-pay users had not benefited from competition in the market as much as other energy users.
However, Utilita have warned that the price cap will squeeze profits to such an extent over the next few years that pre-payment companies will be forced to raise money through other tariffs.
“We said this to the CMA a year ago… you have chopped the margins in the prepayment market down so low the only option for many companies is going to be to extract that margin from somewhere else,” said Bill Bullen, managing director of Utilita.
Utilita are making strides to become fully involved parts of local communities across the UK, with the sponsoring of two massive academies in England and Scotland – Rangers and Leeds United. By becoming the official energy partner of each, Utilita will donate £25 to the academies of their chosen club for customers who type in ‘LEEDS’ or ‘RANGERS’ in the promo box.
Jem Maidment, Utilita Energy’s Head of Communications, said: “We don’t want this to be ‘just another’ partnership. We want it to be meaningful and to have a positive effect for both Rangers and Leeds.”
“Not only can fans benefit from our fantastic product offering, but we are delighted to incentivise the club further – with money ring fenced for Leeds & Rangers’ academies.”