E.ON confirms gas and electricity price hikes - Gas and electricity - News - Moneyfacts

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E.ON confirms gas and electricity price hikes

E.ON confirms gas and electricity price hikes

Category: Gas and electricity

Updated: 14/12/2012
First Published: 11/01/2011

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 It is now over 6 months old so the content may be out of date.

E.ON has become the fifth of the six major energy suppliers to increase its prices this winter.

Customers at E.ON will endure a 9% rise in electricity prices, while gas prices are increasing by 3%.

The move means that all six of the largest gas and electricity providers in the UK have now shown their hand with respect to pricing this winter.

Along with E.ON's price rises, British Gas has increased its gas and electricity prices by 7%, and Scottish and Southern Energy has raised gas prices by 9.4%. Scottish Power has increased prices by 2% on gas and 8.9% on electricity, and npower has increased prices by 5.1% on gas and electricity.

Compare gas & electricity prices here

EDF is the only energy supplier to have committed to freezing their prices over the period of higher winter consumption.

"E.ON's customers will, sadly, not be shocked that it has followed in the footsteps of other suppliers' price increases," said Richard Hall, energy expert at Consumer Focus.

"However, the fact that these rises aren't unexpected won't make it any easier for cash-strapped consumers to afford their higher bills.

Ofgem, the energy sector's regulator, is currently in the process of reviewing the domestic energy market and investigating the prices households are being charged.

The review is due to be completed in March 2011.

"Consumers simply don't trust that suppliers are asking them to pay a fair price for their energy," added Richard Hall.

"With high prices, a complex market, and consumers being asked to pay billions of pounds to improve our energy supply, it is essential that confidence in energy prices is improved.

"Ofgem's review of the market needs to meet these high expectations."

If you think you might be paying too much for your gas and electricity, our handy energy comparison will quickly put you on the right path towards a cheaper deal on your gas and electric.


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 Any products featured may be withdrawn by their provider or changed at any time.

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