Today Eon became the fifth of the major energy suppliers to announce price cuts.
After price cut announcements last week by British Gas, Npower, SSE and EDF Energy, Eon has announced it will cut standard electricity prices by 6%.
Eon estimates that around 3.7 million customers will see the benefits of the price cuts, with the average bill dropping by around £31.
The price cuts will come into effect on the 27 February this year.
Big Energy Week
The announcement comes at the start of Big Energy Week, when a number of organisations including Which? and Citizens Advice are offering extra help and guidance for consumers struggling with energy bills.
This week Which? will be hosting two live webchats – one to give people advice on their bills, and another with the Energy Secretary Chris Huhne. Consumers will be able to speak direct to the Energy Secretary to ask him what the government is doing to help struggling energy customers.
Energy bill concerns
Energy is the number one financial concern for consumers. They were hit with price rises of up to 20% over the summer, so any reductions will be welcome.
However, executive director of Which? Richard Lloyd warned that ‘with average bills now more than £1,300 a year, small reductions of around £30 will not be a solution for those struggling to pay their next bill.’
Compare your options and check that you are on the cheapest energy deal.
- Join the live webchats for Big Energy Week
- See how you could save money on energy bills
- See how Eon fared in the energy satisfaction survey