E.ON cuts electricity prices by 6%
The company is the fifth of the Big Six to announce a price reduction in the past week.
E.ON has become the fifth of the Big Six energy companies to drop prices in the past week, with a 6% cut in its standard electricity prices.
It says this will benefit 75% of its customers who are on either an electricity-only or dual fuel tariff. It estimates the average electricity customer will save £31 a year as a result of the cut. The cut takes effect from 27 February.
Customers who are on the following tariffs will benefit from the price cut:
- Standard and derivatives (all payment methods, Pre-Payment Meter inclusive), including: Unrestricted, E7, E10, E18, Heatwise, Comfort Extra, Electrical Heating, Southern Heat, Standard Reward
- Age UK variable products (Age UK Standard, Age UK High User and Age UK Standard Reward)
- Energy online
- Go Green
- Selected Capped products
- EnergyFit
- Home Energy Pack Reward
E.ON is also offering customers on fixed tariffs the option to change to a variable one to benefit from the price change.
Last year, E.ON increased electricity prices by 9% in February and by a further 11% in September.
It says the “recent slight fall” in the cost of wholesale electricity has allowed it to make the cut.
The company is also conducting a ‘Reset Review’ to “deliver the changes needed to get back the trust of our customers”.
E.ON came joint ninth in a recent Which? satisfaction survey of energy customers.
British Gas is the only other supplier to have cut its electricity prices during this current round of reductions. Its cut reduced the average customer's bill by £24 a year.
Here's a full list of the Big Six's recent reductions:
|
Supplier |
Cut in gas prices |
Cut in electricity prices |
|
EDF Energy |
5% |
- |
|
SSE |
4.5% |
- |
|
British Gas |
- |
5% |
|
Npower |
5% |
- |
|
E.ON |
- |
6% |
Scottish Power is the only remaining supplier to have not announced a price cut, but this will inevitably follow at some point in the very near future, possibly even today.
Compare energy tariffs with lovemoney.com
More: The best and worst energy suppliers | Energy customers ‘missing out on millions in compensation’
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Comments
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So you need to pick your electricty from one and gas from another to benefit from the 'cuts'. What a sick joke energy supply has become in the UK at the mercy of foreign, and UK, capitalists raking in fortunes and massive bonuses with a government that is not fit for purpose. As for Huhne, well the energy suppliers' best friend and the OAPs' 'cold' comforter, just what theTreasury love. Less pay out on the pensions bill in future, what a team.
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Electricity prices have been cut - apologies for the confusion. And, yes, as predicted, ScottishPower have followed suit - http://www.lovemoney.com/news/household-bills/gas-and-electricity/14157/scottishpower-cuts-gas-bills-by-5 However, none of the cuts are anywhere near the scale of the price rises imposed at the end of last year.
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It will be just in time for when we put the clocks forward and we have lighter nights and warmer days. Yippee... Scottish Power have cut their gas prices by 5% - http://www.bbc.co.uk/news/mobile/world-16587136
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17 January 2012