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E.ON customers to see bills rise by ‘more than £90’ a year

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07/03/2017
E.ON is to increase its standard variable dual fuel prices by an average of 8.8% from April.

Standard electricity prices will increase by 13.8%, while standard gas prices will rise by 3.8%.

The energy firm said it is the first time it has raised standard variable prices in more than three years.

It blamed an increase in costs from social and environmental schemes, which support renewable energy and help customers use less energy.

The price hikes are expected to affect 2.5 million E.ON customers when they come into force on 26 April, with the average bill going up by more than £90 a year.

Tony Cocker, chief executive of E.ON UK said: “This is the first time since January 2014 that we have increased our standard variable prices. It is an announcement we never want to make but is due in large part to the fact that many of the costs we don’t directly control… which are paid for via people’s energy bills, are increasing.”

E.ON follows EDF, npower, Scottish Power and Co-op Energy by announcing increased prices this winter.

Stephen Murray, energy expert at MoneySuperMarket, said: “E.ON’s announcement this morning that it will be hiking prices by almost nine per cent will see customers’ bills rise by more than £90 a year.

“Most UK households are on standard variable tariffs, which are the very tariffs many suppliers are now increasing. Average prices for these are now over £200 more expensive per year than the best fixed deals on the market so the message has never been clearer: take control of your energy bills and switch.”

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