E.ON announces price rise - Gas and electricity - News - Moneyfacts

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E.ON announces price rise

E.ON announces price rise

Category: Gas and electricity

Updated: 06/12/2013
First Published: 06/12/2013

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This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Energy giant E.ON has just announced that it, too, will be raising prices this winter, with the average dual fuel energy bill set to rise by 3.7%.

It's the last of the big six to implement a price hike and there's been much speculation about when the announcement would come, but happily it's much lower than some of its competitors.

This is because, says the firm, the price rise takes into account the recent changes to various green and social levies which will mean those savings can be passed on to customers, but the move will still add around £48 to the average bill.

The rise is set to be implemented in January, with E.ON saying it should help stabilise prices over the coming year and should ideally mean no further price rises will need to be implemented – although it's warned that there are no guarantees.

Mark Todd, director of independent comparison site energyhelpline.com, commented on the news:

"This 3.7% rise from E.ON is far from good news, but it is the lowest and latest price rise by a Big Six provider and for that they should be applauded. Whilst this will add an additional £48 to its customers' average bill, E.ON has broken out the reasons for the price rise, making it one of the best for transparency.

"It appears to be the fairest in terms of standard pricing with the lowest rates [but] in judging fairness we have to look at the market as a whole… Customers need to realise that the smart money is on switching to a low cost fix; this way you really can beat the price rises and have a warmer, cheaper winter."

There's still time to compare the market and switch before price hikes take effect. Opting for a fixed tariff will be the best course of action as they're guaranteed not to go up in price, and with many running into 2015 they could easily shave £200-300 per year off the average fuel bill.

Check out the table below to see how the latest round of price hikes stack up, then use our handy comparison tool to see how much you can save.

Average Energy Bills & Price Rises

Provider
Price
Rise (%)
Price
Rise (£s)
Energy Bill Cost
Effective Date

e.on
e.on



3.7%

£49

£1,381

15 Jan 14

edf
edf

3.9%

£52

£1,382

3 Jan 14

British Gas
British Gas

9.2%

£123

£1,463

23 Nov 13

SSE
SSE

8.2%

£111

£1,465

15 Nov 13

ScottishPower
ScottishPower

8.6%

£118

£1,486

6 Dec 13

npower
npower

10.4%

£139

£1,493

1 Dec 14

Average
7.3%
£99
£1,445


Energy Bill Costs inc Announced Price Cuts

Provider
Price Cut (%)
Overall Price Rise (%)
Price Rise (£s)
Energy Bill Cost
Effective Date

British Gas
British Gas


3.2%

5.8%

£78

£1,418

1 Jan 14

SSE
SSE


4.0%

4.0%

£54

£1,408

April 14

Source: Energyhelpline 06/12/13

Average usage per household, dual fuel, payment by cash/cheque

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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