You are here: Home - Household Bills - News -

EDF, E.ON, Npower and Scottish Power hike energy bills

Written by: Emma Lunn
Millions of households could pay nearly £100 a year more for energy after price hikes from some of the biggest suppliers.

EDF, E.ON, Npower and Scottish Power are all raising prices by the maximum allowed under the new energy price cap announced earlier in February.

They follow hot on the heels of British Gas which announced price rises earlier this week.

Energy price cap

From 1 April, Ofgem’s energy price cap for standard variable tariffs, based on typical dual-fuel usage, will jump from £1,042 a year to £1,138 a year, due to rising wholesale costs.

The cap on prepayment tariffs will rise from £1,069 a year to £1,156 a year for a typical household.

The energy price cap is the maximum amount a customer with typical energy usage on a standard or default energy tariff can be charged each year. But the energy price cap doesn’t set a limit for your total bill – what is capped is how much can be charged for a unit (kWh) of energy.

It’s up to energy providers whether to increase prices to the new cap thresholds, but most of the big players are doing so.

Prices to rise by maximum allowed

EDF, E.on, Npower and Scottish Power are all upping the typical annual bill for the average user on a standard variable tariff to £1,138 a year.

If you’re a prepay customer, the typical bill will rise to £1,156 a year.

If you’re on a fixed rate tariff, the price won’t change until your fixed rate ends. However, if your fix ends after 1 April and you don’t switch, you’ll be moved onto a standard variable tariff, which will have become even more expensive as a result of the price rises.

Sarah Broomfield, energy expert at, said: “British Gas was the first of the Big Six to react to Ofgem’s increase in the energy price cap, and now more suppliers have followed suit.

“Default tariff customers at EDF, E.ON, Scottish Power and Npower will see bills increase by an average of £96 from 1 April. Other energy companies are likely to announce similar price rises in the coming days and weeks, so now is a good time to act to keep your bills down.

“There are plenty of fixed deals available now that can protect you right now from market volatility. The best value fixed deal currently available on the market is £945 from Avro Energy, while the new price cap will sit at £1,138 for typical usage. This means that by switching, households could save themselves £193 across their annual energy bills.”

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.

Autumn Statement: Everything you need to know at a glance

Yesterday Chancellor Jeremy Hunt made his first fiscal statement in the role, outlining a range of tax measure...

End of Help to Buy: 10 alternatives for first-time buyers

The deadline for Help to Buy Equity Loan applications passed on 31 October. If you’re a first-time buyer who...

Moving to an energy prepayment meter: Everything you need to know

As households struggle with the soaring cost of energy, tens of thousands of billpayers are expected to move o...

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