By Matt Gibson
Electricity customers of energy giant E.ON will face price hikes of 9 per cent from next month as the company becomes the latest power firm to increase its prices.
The company will also increase gas prices by 3 per cent in a move that will see 16p a day added to the bills of customers signed up to E.ON's dual fuel package.
E.ON blamed rising industry costs for the price hikes, adding that one in five of its 5.3 million customers would not be affected by the increased prices. The company also said that the cost of wholesale energy had soared by 35 per cent since last Spring.
Managing director Graham Bartlett said: "It's been over two years since we last increased our prices, and, unlike other companies, we held off from increasing them during the incredibly cold temperatures we saw in late November and December.
"But we now have no option but to make this change due to increases in the prices we pay for gas and electricity, although our customers won't actually see the increases until next month."
The announcement comes after rival energy firm npower said that its household gas and electricity bills would increase by an average of 5 per cent.