- Gas and electricity dual fuel prices are to increase by an average of 3.7%, effective from 18th January 2014*
- This increase will add £48 to the average dual fuel bill for customers affected
- Lowest price rise to be announced so far by ‘Big Six’ suppliers in this round of hikes
Today (06 December 2013) energy supplier E.ON has announced an average price rise of 3.7% per cent in electricity and domestic gas dual fuel prices, effective from 18 January 2013.*
E.ON is the last of the ‘Big 6’ suppliers to announce gas and electricity price rises. It follows EDF Energy, which announced price rises of 3.9% on Tuesday (12 November 2013).
E.ON’s price rise is lower than those of its recent competitors, in particular that of npower, which announced hikes of a staggering 10.4% last month. However, E.ON states that the increase in prices is due to the rising cost of distribution, as well as government green energy schemes.
Though price rises are imminent, E.ON is passing on benefits of changes announced by the Government to its customers. All electricity customers will receive the full £12 Government rebate that relates to the change in funding of the Warm Home Discount.
In addition, E.ON is launching new fixed products which will have these changes built in. Customers on existing products can switch to them without charge at any time.
The E.ON price rise completes the ‘Big 6’ round of increases this autumn.
Kate Rose, Head of Energy says:
"Following weeks of speculation and price rises from the other ‘big 6’ suppliers, today’s news that E.ON are to raise their gas and electricity prices is not a huge surprise however it will undoubtedly be a huge blow to millions of households.
“At a time when large areas of the country are experiencing the coldest spell so far this winter, the last thing consumers will want to do is worry about increased costs when they reach for the thermostat to keep their homes warm.
“Despite the rise being considerably less than the earlier announcements as a result of the government changes to ‘green taxes’ earlier this week, it is still vital the consumers act now to ensure they avoid being hit by these hikes. In particular, E.ON are advising customers on fixed priced deals are being advised to switch to one of E.ON’s new fixed tariffs which include the savings being passed on as a result of the ‘green tax’ reductions. Whilst there will be no charge by E.ON for customers who decide to switch, we’d urge customers not to simply opt to switch to a new fixed price tariff with E.ON but come to a comparison site to ensure they are on the cheapest tariff for them.
“Opting for a dual fuel tariff, paying monthly by direct debit and managing your account on line are all ways to keep your bills low. With potential savings running into the hundreds of pounds we urge consumers to act with their feet to ensure they pay as little as possible for their energy this winter.”
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