Thinking of switching energy suppliers and want to know more about E.ON? Read on to find out more about this supplier's prices and tariffs.
E.ON is an electricity and gas provider based in Germany and operating throughout the UK and Europe.
Started in the year 2000 through the merger of VEBA and VIAG, it acquired Powergen in the UK in January 2002.
With a focus on renewable energy production, by 2018 it owned 30% of the London Array wind farm in the Thames Estuary, and ran 20 wind farms on and offshore.
In November 2017, it had a 70% customer satisfaction rate for electricity and gas according to a poll by Ofgem.†
E.ON tariffs come in several varieties.
The prices of each tariff does vary depending on whether you choose electricity, gas, or dual fuel - but you may be eligible for a discount if you choose dual fuel.
The standard variable tariff does what it says on the tin. The price per unit of energy can vary from bill to bill, but you can get a discount for having both electricity and gas with E.ON.
The prepayment tariff can be topped up at any service station or shop displaying the Payzone or PayPoint signs, or at any Post Office.
This can be expensive, so think about contacting E.ON to discuss whether you're eligible for a credit meter instead.
Choosing a fixed price tariff can protect you from spiralling costs
There are a variety of fixed tariffs, where the price per unit of energy stays the same for either 12 or 24 months, which can protect you from spiralling costs.
Several of the fixed tariffs come with exit fees, and if you switch to a standard tariff after your fixed tariff ends, it’s likely to be more expensive.
The capped tariff is only available to dual fuel customers, and promises to never raise the price higher than that quoted to you at sign-up.
For those who want to go the extra eco-friendly mile, E.ON also offers a feed-in tariff.
You can be billed monthly or quarterly, and payment is taken by Direct Debit.
In line with the government-led roll-out of smart meters started in 2016, E.ON will track your real-time usage, and bill you accordingly.
This is optional, however, so you can keep your digital or mechanical meter if you prefer.
It also offers paperless billing, which may be incentivised with a discount each year if you get both electricity and gas from E.ON.
Switching energy supplier can seem daunting but it isn’t as difficult a process as it might seem.
It should only take a total of 17 days and you don’t need to phone the energy supplier you’re ditching, as your new supplier will do that for you.
Make sure you shop around and compare tariffs before taking the plunge as you may be able to save more money with a different supplier.