You are here: Home - Household Bills - News -

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

0
Written by:
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.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
philip-hammond-chancellor
Is a pensions shake-up on the way?

With the Budget imminent, the financial services and in particular, pensions industry is holding its breath with the prospect of...

Close