Yet Another E.On Price Increase In 2018 – Bills To Increase By A Further £55, Avg. Bill To Be £1208 A Year
Average UK customer will pay £55 more per year from 16 August
• E.on has announced a price rise of 4.8% - After already increasing prices by 4.2% (or £50) in April 2018
• Average UK customer will pay £55 more per year from 16 August - £1208 annually
• Comparison website energyhelpline questions the double blow of hikes, and urges customers to switch & save
Victoria Arrington, spokesperson for energyhelpline:
"Yet another price hike from a major supplier in 2018 - it's now practically a cascade of ever-increasing prices, with the ‘Beast from the East’ and high wholesale energy costs being blamed as the reason why. This second price rise is a new blow for E.ON customers. From 16 August, dual fuel customers on a Standard Variable Tariff (SVT) will see their annual bills rise again with another £55, or 4.8% - on top of the £50 from the price hike that came into effect on April 19th.”
"This new rise is a bitter and expensive pill to swallow. The cost of sticking to a big-name energy supplier is quickly outstripping the feeling of safety it gives customers.”
" It is another signal that the current energy market can be volatile. With dozens of active suppliers in the UK*, there is more competition out there for big suppliers than ever. Customers are only going to put up with soaring prices for so long, and with the increasingly popularity of switching quickly and easily online, they don't have to. The customers affected have until the 16th of August to switch before the price rise sets in - but the sooner the better.”
“No one should be paying so much for their energy. E.on variable tariff customers could be saving nearly £400 a year** by switching to the cheapest tariff on the market."
Big Six price hikes announced in 2018:
- April 19th – E.on: up to 4.2% increase, average annual bill to increase by up to £50.
- May 29th – British Gas: 5.5% increase, average annual bill to increase by £60.
- June 1st – Scottish Power: 5.5% increase, average annual bill to increase by £63.
- June 7th – EDF: up to 2.7% increase, average annual bill to increase by up to £28.
- June 17th – Npower: 5.3% increase, average annual bill to increase by £64.
- July 11th – SSE: 6.7% increase, average annual bill to increase by £76.
- August 16th – E.on: up to 4.8% increase, average annual bill to increase by up to £55.
Average bills of Big Six suppliers, based on average usage**
British Gas - £1,161
E.ON - £1,208
EDF Energy - £1,158
npower - £1,230
ScottishPower - £1,211
SSE - £1,196
Big Six Average - £1,194
*According to Ofgem ‘Retail Market Indicators’ as of April 2018, please see here.
**Average savings calculated against average bill of £1,194 (Average Big 6 energy suppliers’ Monthly D/D payment method standard tariffs) after price rises enacted. Calculations for average usage dual fuel household paying by monthly D/D. Average usage defined by OFGEM is 12,000 kWh pa gas and 3,100 kWh pa electricity. Includes publicly available tariffs available in at least 12 of the 14 regions of UK. Excludes exclusive, collective and staff tariffs not generally available. Source: energyhelpline.com 19/06/18