E.ON 3.7% price hike confirmed

E.ON will be upping its prices by 3.7% from January the energy giant announced today. That figure will be for its standard variable dual fuel customers, electricity only prices will […]

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By Sumit Bose

E.ON will be upping its prices by 3.7% from January the energy giant announced today.

That figure will be for its standard variable dual fuel customers, electricity only prices will also rise by 3.7% but gas only prices will be up 4.6%. All the rises will kick in from 18th January 2014.

Once again E.ON has been the last one of the Big Six suppliers to announce an increase in energy bills and its figure of 3.7% is on average the lowest increase of the major suppliers.

Tony Cocker, Chief Executive, E.ON UK said: “There is no escaping the simple fact that any price rise is unwelcome news for customers.  We know that, which is why we have held off for longer than most of our competitors and worked hard to keep our rise as low as possible.  However, now more than ever, the help we offer our customers, in terms of advice and practical measures, is absolutely vital.

“We have moved quickly to pass on the benefits of changes announced by the Government at the beginning of this week. This means we have reduced the overall level of a rise that is necessary to cover the extra costs we are seeing in some areas, as well as making sure we continue to deliver a sustainable future for all of our employees and maintain our investment in the UK.

“Whilst there can be no guarantees, the likelihood of further price rises over the next 18 months caused by an increase in the cost of social and environmental obligations has receded due to the recent action taken by the Government.”