Power giant E.ON pushes up electricity prices for customers by almost 14%
From April 26 its gas price will also rise by 3.8 per cent
POWER giant E.ON is ramping up electricity prices by 13.8 per cent.
From April 26 its gas price will also rise by 3.8 per cent. It means the typical family on dual fuel tariffs will see an 8.8 per cent rise costing them an extra £97 a year.
E.ON's boss blamed the hike on the cost of "supporting various social and environmental programmes".
Tony Cocker, chief executive of E.ON UK, said: “This is the first time since January 2014 that we have increased our standard variable prices.
"It is an announcement we never want to make but is due in large part to the fact that many of the costs we don’t directly control."
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“We have been able to partially offset some of these rises through our wholesale hedging policy and other means, but we do have to make an increase.”
It follows similar price increases by other energy firms. In December, EDF Energy announced it would be pushing up electricity prices by 8.4 per cent. It also announced a 5.2 per cent cut in gas prices at the same time.
HOW TO CUT YOUR ENERGY BILL
MOST households in the UK are on standard variable tariffs and paying around £200 a year more than the best fixed deals on the market.
If in doubt, call your provider and call other providers to ask them what their cheapest fixed tariff is.
Better still, use a comparison website, like uSwitch or MoneySupermarket to find the very best deal for you. By switching providers you could save hundreds of pounds a year.
Bear in mind that the amount you pay for your energy varies depending on where you live.
Scottish Power is pushing up gas and electricity costs by an average of 7.8 per cent from March 31.
British Gas has announced that it will be freezing prices for customers on it standard variable tariff until August.
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