Energy price cap update: We’ll be cutting our standard customers’ bills by around £77 from 1st October

Posted 08/08/2019 by E.ON

Want some good news? You’ve come to the right place.

We’ll be cutting bills for customers on our standard variable tariff by around £77* from 1st October.

The cut follows an overall fall in wholesale prices of gas and electricity over the past few months, with the exact reduction confirmed by the energy regulator, Ofgem, in its latest market-wide cap.

What is the price cap?

Ofgem’s price cap limits what suppliers can charge an average user on a default tariff. It is linked to the wholesale cost of energy – the amount providers pay for gas and electricity on the markets – and a range of other factors including social and environmental obligations, the smart meter rollout and customer service costs.

How do I know if this affects me?

If you’re on our E.ON EnergyPlan tariff, these changes apply directly to you and we’ll be writing to you in the coming weeks.

Are my new prices permanent?

Ofgem reviews the level of the price cap every six months in line with wholesale energy price movements, so if you’re affected, your prices may change again then. We’ll update customers who are affected when this happens.

Is there anything else I can do to help cut my energy bills?

There are two key things everyone can do to help ensure you’re not paying too much or using more energy than you need to:

1. Make sure you regularly check you’re on the best tariff for your needs. Being on a standard tariff is usually not the cheapest option so consider switching to a fixed price tariff instead.

2. Have a look at the tips on offer which can help you manage (and cut) your energy use. We offer lots of energy-saving tools on our website – from energy efficient boilers, to smart meters, to smart thermostats, to home insulation.

And remember, E.ON customers now benefit from electricity backed entirely by 100% renewable sources. More than three million E.ON homes currently have an electricity supply matched by renewable sources including wind, biomass and solar.

*From 1st October E.ON’s standard variable tariff E.ON Energy Plan will fall by £77 a year based on national average consumption of 3,100 kWh for unrestricted electricity  and 12,000 kWh for gas for customers paying by fixed monthly Direct Debit and £81 for customers paying by quarterly by cash or cheque 

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