You are here: Home - Household Bills - News -

E.ON latest provider to announce winter price freeze

Written by: Paloma Kubiak
E.ON is the third largest energy supplier to announce it is freezing prices until at least after winter.

The ‘big six’ provider has committed not to increase its standard variable energy prices until at least April 2017.

It follows similar recent moves by both SSE and British Gas.

An E.ON spokesperson said: “We have been working hard behind the scenes to make sure we could make a commitment to our customers before Christmas that we would not increase our residential standard energy prices until at least after winter. We are pleased to be able to offer that reassurance to our customers.

“We will continue to engage our customers on a wide range of topics including making them aware of their different tariff choices, helping them to use no more energy than they need and getting Smart meters into homes across Britain.”

Citizens Advice urged large suppliers to hold off raising standard tariff rates this winter, adding that those to see the price freeze are still paying a premium.

Gillian Guy, chief executive of Citizens Advice, said: “A winter price freeze will provide some relief to people paying a steep price for the standard tariff.

“Energy customers on the standard tariff are already paying a premium – their bills are as much as £380 more than for those on cheaper fixed deals.

“British Gas and SSE have led the way by promising not to raise prices – we now expect other big firms to do the same. Larger energy firms didn’t pass on savings when wholesale prices were going down, so those savings can be used to support customers now that wholesale prices are rising and the pound is down.”

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.

Seven ways to get help with energy bills this winter

We knew today’s announcement was going to be painful, but it’s still a shock to the system. When this kick...

Flight cancelled or delayed? Your rights explained

With no sign of the problems in UK aviation easing over the peak summer period, many will worry whether holida...

Rail strikes: Your travel and refund rights

Thousands of railway workers will strike across three days this week, grinding much of the transport system to...

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.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week