Eon announced today that it will not increase energy prices for residential customers in 2012.
Responding to this news, Which? executive director Richard Lloyd said: ‘People tell us that rising energy bills are their biggest financial worry so anything that gives people more certainty can only be a good thing when household budgets are stretched.
‘We have already seen one supplier warn that price increases could be on the way, so now is a good time for customers to look at fixed term deals which offer a bit a more security.’
If your want to reduce your energy bills, check out our guide to saving money on your energy bills.
Cheapest Eon energy tariff
Eon’s current cheapest tariff is Track and Save 13, which costs the average household £1,162 a year if they pay by monthly direct debit.
This isn’t the cheapest deal on the market. Just last week The Big Switch secured savings of around £123 per household when Co-operative Energy won the reverse auction for 30,000 customers.
Its tariff costs just £1,048 per year for the average household paying by direct debit, and £1,144 per year if they pay by cash or cheque.
If you didn’t get a chance to be part of The Big Switch, you can still visit Which? Switch to use our free and impartial tool to calculate the best energy tariff of your home.
Saving energy at home
Chief Executive of Eon UK Dr. Tony Cocker said: ‘Let me be clear, Eon will not raise residential prices in 2012.’
He added: ‘We will continue to spare no effort in getting our customers energy fit by insulating homes, installing smart meters and providing advice that makes a real difference.’
Eon is just one of a number of energy companies that offer free insulation deals. Find out which you could benefit from with our free insulation guide.
- Create an energy saving home with our advice and guides
- Visit Which? Switch to find the cheapest tariff for your home
- Check out energy saving products that could help you cut your bills