E.ON Price Hike Affects a Quarter of a Million Customers
E.ON price rise
E.ON has announced the first of what is expected to be many price hikes across the Big Six, raising their default bill cost to the maximum allowed by the price cap, £1254.
“There is little doubt that this is just the beginning of a crushing wave of price hikes we are expecting across the Big Six.” Says energyhelpline Spokesperson Victoria Arrington. “It is incredibly important that customers act as soon as possible to secure a great deal - as suppliers across the board are all but sure to follow suit”.
This price hike means that average bills are actually higher now than they were on the day before the price hike was introduced (at that time, they were £1221). This price hike is expected to affect around a quarter of a million customers who are on E.ON’s default tariff.
And E.ON spokesperson has said “Ofgem’s energy market price cap review set out that price cap levels would increase, driven by rising wholesale and other costs…Over the coming weeks we'll be writing to affected customers explaining what the changes will mean for them and encouraging them to choose the best tariff for their needs."
This £117 hike from E.ON could only be the beginning of a costly trend across the Big Six.
What can consumers do to combat expensive energy rates?
“You can protect yourself from price hikes. All you have to do is take a few minutes to find a cheaper energy tariff. If you switch today, you could potentially save £300 on your energy - and protect yourself from rate hikes big and small”, says Arrington.