Eon customers will pay £55 more per year, after the energy supplier announced an increase to energy bills. Eon is the last of the Big Six energy companies to announce a price rise in 2018.
Eon said it’s raising prices by 4.8% on average for customers on its standard variable tariff, who take both gas and electricity.
Some Eon customers will face their second increase this year. In April, Eon removed dual fuel and paperless billing discounts and increased the standing charge for customers paying by cash or cheque.
This latest price rise will come into effect on 16 August. Now all of the Big Six energy companies have announced price rises in 2018. The biggest increase was announced by SSE last month, adding £76 to its customers’ bills.
There’s time to switch to a cheaper deal to avoid Eon’s price rise. Compare gas and electricity prices using Which? Switch to find the best deal for you.
How much are the Big Six energy companies charging?
These prices are for the energy companies’ standard variable tariffs. This is the default tariff, and you’re likely to be on it if you haven’t switched or you didn’t switch when your fixed deal ran out.
I’m an Eon customer: will my bills rise?
If you are on Eon’s standard tariff – called Eon EnergyPlan – this price rise will affect you.
- Dual fuel customers will see £55 on average added to their bills over the next year.
- Gas-only customers will pay an extra £19 on average.
- Electricity-only customers will see £36 on average added to their bills.
At present, Eon customers who use an ‘average’ amount of energy pay £1,153 per year. This will increase to £1,208.
But if you’re on any of Eon’s other tariffs – including fixed-term tariffs and prepayment meter tariffs – you will not be affected by the increase.
Eon last added to customers’ bills in April, when it took away the dual-fuel and paperless billing discounts and increased the standing charges for those paying by cash or cheque. Affected customers paid £30 more a year.
Find out how to pick the best energy deal.
Why is Eon raising gas and electricity prices?
Eon blamed its increase on ‘the significant rise in the cost of wholesale energy’.
It said it hoped that removing discounts and changing standing charges earlier this year would avoid a price rise for its unit rate.
Eon added: ‘Costs have risen sharply in recent months’. It has managed to ‘absorb some, but not all, of these external cost pressures’.
You can find out what Eon’s customers really think of its customer service and bills. See our Eon review.
Alex Neill, Which? Managing Director of Home Products and Services, said: ‘This price rise will be infuriating for Eon customers who have already seen the removal of dual fuel and paperless discounts earlier this year.
‘This completes a full house of Big Six price hikes, giving millions of standard variable tariff customers yet further incentive to switch and potentially save over £400 a year.’
Which? energy pricing research
Prices are based on a dual-fuel tariff available in all regions of England, Scotland and Wales for an average user (using Ofgem averages of 3,100kWh of electricity and 12,000kWh of gas per year), paying by monthly direct debit, with paperless bills. Data is from Energylinx. Prices given are averages across regions, rounded to the nearest whole pound and correct on 19 June 2018.