Eon is cutting gas prices by 6% and redesigning its energy bills to make them easier to understand.
The average Eon customer paying by direct debit will save £42 a year, when the energy supplier cuts its gas prices on 31 March.
You can follow all the latest energy price cuts and find out which energy supplier offers the cheapest tariff in your area using Which? Switch.
Cheaper than British Gas
Eon said its gas customers will be £26 a year better off on average than if they were with British Gas.
Managing director of Eon’s retail business Graham Bartlett said: ‘We’ve been very aware of the effect of both the recession and the exceptionally cold winter on our customers, so we are pleased to see the opportunity to now reduce prices.’
Energy market lacks competition
Which? editor Martyn Hocking said: ‘While any price cut will be welcomed by consumers, the predictable game of follow the leader played by energy suppliers every time price changes are announced highlights the lack of competition in the UK energy markets.
‘What we really need to see is a complete overhaul of the UK’s energy markets, with genuine competition and transparency in how energy companies set retail prices, so that consumers can tell whether they’re getting a good deal or not.’
Simpler energy bills
Eon is also making its energy bills clearer and simpler to help consumers understand and reduce their energy usage.
Mr Bartlett said: ‘We’ve listened to our customers, and our new bills have all the relevant information up front so our customers can see exactly how much energy they’re using and hopefully where they can make savings.’
Looking for energy saving advice? Our greener living section has advice on buying loft insulation, wall insulation and how to get energy grants to cut energy use and save money. You can also find out the most energy efficient home appliances Which? has reviewed in our energy saving appliances review.
Compare energy tariffs
Head of switching at Which? Switch Alison Morrison said: ‘Eon is the third of the ‘big six’ energy suppliers to cut its gas prices, and now the pressure is on for Npower, EDF and Scottish Power to follow suit.
‘Consumers need to keep a close eye on energy prices over the next couple of weeks, and make sure they compare energy tariffs regularly, to ensure they are on the cheapest deal.’
Lower your gas and electricity bills
You can compare energy prices and switch to a new gas and electricity supplier on Which? Switch. People who switched with us between 1 October and 31 December 2013 are predicted to save an average of £234 a year on their bills.
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