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E.ON tops best buy table with new cheapest plan – Updated

The big six supplier today launched a new tariff, undercutting every one of its rivals and offering the cheapest rates seen in years

E.ON has stormed its way to the top of the best buy table

E.ON has stormed its way to the top of the best buy table

E.ON’s new plan, the E.ON Energy Fixed 1 Year v12 (paperless), will cost the average* household £965, per annum. This aggressive pricing has seen the plan rocket to the top of the best buy table, beating out competition from a range of smaller suppliers.

The plan is not only the cheapest the market has seen in close to two years, but also marks the first time this year that a big six supplier has topped the best buy table.

E.ON’s tariff fixes energy rates for 12 months, comes with E.ON rewards (Tesco Clubcard points or high street vouchers) and has a low £5 per fuel exit fee.

Switch to avoid higher energy bills this winter

Consumers looking for alternative options should consider offerings from Extra Energy, First Utility and Ovo Energy. Each plan offered by these suppliers is fixed for approximately 12 months and carries a cancellation fee of £30 per fuel, except for Extra Energy which has a £25 per fuel cancellation fee.

Anyone looking for the cheapest plan without exit fees should consider npower’s Online Price Fix November 2015, which costs £1,000 and will fix rates for one year.

Energy best buy table (as of Wednesday, 29th October, 2014)

Place

Supplier

Plan name

Average bill size

Tariff type

1

E.ON

E.ON Energy Fixed 1 Year v12

£965

Fixed

2

Extra Energy

Fresh Fixed Price Dec 2015 v1

£974

Fixed

3

First Utility

iSave Fixed November 2015 (v35)

£977

Fixed

4

OVO Energy

Better Energy (all online)

£998

Fixed

5

npower

Online Price Fix November 2015

£1,000

Fixed

Source: uSwitch.com. *Based on a medium usage customer using 3,200 kWh of electricity and 13,500 kWh of gas paying by direct debit with bill sizes averaged across all regions.

‘Proof that competition between suppliers is hotting up’

Tom Lyon, energy expert at uSwitch said: “E.ON Energy’s aggressive pricing follows a string of competitive tariff launches over the past few weeks and is the latest proof that competition between suppliers is hotting up as temperatures cool down.

“Small suppliers have dominated the top of the table so far this year, but we’re now seeing bigger suppliers, including E.ON Energy, British Gas (through Sainsbury’s Energy) npower and SSE, retaliating with more competitive deals. This big six fightback is great news for consumers, who are the ultimate winners in the continuing battle for the top spot.”

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  • Harry

    How do these prices compare with Utility Warehouse, when I look at U-Switch I never see this company mentioned.

    • Guest

      thats because utility warehouse offer a good deal with a bundle, their energy prices are 90% of the time far higher than other companies but people are blinded by the “bulk buy discount” they offer

      • Karen

        I don’t understand guest what you mean

        • http://www.SteamCleanCarpetService.co.uk buckclean

          UW seems to me like smoke and mirrors – if you have to give them all your utes then this is a barrier to portability same as a cancellation fee – I have £30 per fuel CF with OVO

  • moneysaverpro

    UW overcharge for gas and electricity and compensate by making it a bundle of other goods. They can save you on broadband, phone line and mobile but their gas and electricity unit prices are sky high. I saved over £300 switching to Scottish Power. fixed price and no cancellation charges. No brainer!!!!

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