E.ON today announced a 3.5% reduction in its standard gas prices and launched the cheapest fixed deal on the market. Commenting on the news, Director of Consumer Policy for Uswitch.com, Ann Robinson, says: “With wholesale energy costs continuing to drop, a cut to the standard tariff by a big six supplier is well overdue. Today’s announcement is to be applauded and the other major suppliers must now do the right thing for consumers and follow in E.ON’s footsteps.
“However, given the huge reduction in wholesale prices – which make up around half of energy bills – we believe standard tariffs can and should be cut even further. The question is – is the prospect of Labour’s price freeze to blame for the failure of the big six to cut standard prices until now?
“Today’s move places the big six back in the game. E.ON’s new fixed plan is now the cheapest on the market – and a significant £222 less than their standard deal. Rather than waiting for modest cuts to standard prices, consumers should take control of their bills by switching to one of these more competitive deals.”
Notes to editors
E.ON Standard Plan (EnergyPlan):
Dual fuel (gas and electricity) monthly Direct Debit: £1,145 (decreased from £1169.50) – 2.09% reduction (£1,135 with paperless billing)
Dual fuel (gas and electricity) Payment on Receipt of Bill: £1,215 (decreased from £1239.56)- 2% reduction (£1,205 with paperless billing)
Gas only: £679 (decreased from £703) – 3.5% decrease
Fixed deal (E.ON Energy Fixed 1 Year v14)
Average bill size: £923 (paperless billing)
£5 cancellation fee per fuel
Rates fixed for 12 months
ON Reward Points are available
Prices quoted in the release are based on a medium user customer using 3,200 kWh of electricity and 13,500 kWh of gas, on a dual fuel plan, paying by monthly direct debit, with bill size averaged across all regions.
Jason Wakeford
Phone: 0203 872 5612
Email: jason.wakeford@uswitch.com
Twitter: @UswitchPR
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