More than 50 MPs have demanded “immediate action” to stop households being ripped off by energy companies after Eon raised its prices. The cross-party group of politicians condemned the treatment of those on expensive standard variable tariffs, about two thirds of households, and said that telling people to shop around would “not fix the problem”. Yesterday Eon said that it was raising its standard tariff by an average of 8.8 per cent from April 26, adding £97 to a typical annual dual-fuel bill. Electricity prices will rise by 13.8 per cent and gas prices by 3.8 per cent, it said, blaming government “social and environmental schemes” such as renewable energy subsidies.
Times 8th March 2017 read more »
Ministers have reminded UK energy companies they are “prepared to act” over household bills after another of the “big six” utility companies hiked its prices. Eon, the German utility, on Tuesday announced a near 9 per cent increase in bills for customers that are on a standard rate for electricity and gas, blaming increases in costs that are beyond its control, including expenses associated with government energy policies.
FT 7th March 2017 read more »
About 2.5 million E.ON customers will pay an extra £97 a year on energy bills in what consumer groups have branded a “monstrous” and “crippling” blow for householders. The company’s 8.8% price rise for customers on a dual-fuel standard tariff from the end of next month is the second highest increase among several announced recently by rivals, including a 9.8% rise by npower, 7.8% by Scottish Power and 1.2% by EDF.
Guardian 7th March 2017 read more »