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Eon lowers gas prices by 3.3%

Energy giant's price cut to benefit 1.8m customers

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Eon has reduced its gas prices by 3.3% and will no longer impose a standing charge on prepayment gas meter customers.

The 3.3% cut in gas prices, which came into effect on 4 July, will save 1.8million residential customers around £25 per year. Around 200,000 gas prepayment meter customers will also see their standing charge removed.

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Cheaper energy bills

Eon’s price cuts exclude certain tariffs such as StayWarm, fixed and some capped tariffs.

Commenting on Eon’s announcement, Alison Morrison from Which? Switch said: ‘This price cut will be welcomed by consumers, however it’s a small drop compared to the huge price hikes we experienced last summer. We strongly advise consumers to still shop around to find the best deal to suit their energy needs.’

Which? Switch, the free, impartial switching service from Which?, lets you compare prices and see suppliers’ satisfaction ratings. On average, customers who used Which? Switch saved £257 in a year, based on figures gathered between August and December 2008.

Eon price cuts

Jim Macdonald, Commercial Director of Eon’s Retail business, said: “We’re delighted to be able to remove the gas prepayment meter standing charge which we had promised to do last year.

“We’re committed to offering competitive prices at all times and delivering on our promises.”

Eon is urging its gas prepayment customers to top-up and credit their meter as soon as possible in order to make sure they take advantage of these changes.

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