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£32 saving for existing customers, £310 saving for new ones!

20 January 2016

A 5.1% cut and a new best-buy tariff – E.ON sends the clearest message yet to energy consumers: You have to switch tariffs to really reduce your bill

By offering a measly 5.1% saving on gas prices for existing standard tariff customers and a whopping £310 for new ones, energy giant E.ON has sent the clearest message yet that the only way hard-pressed Brits are going to be able to reduce their energy bills substantially is by switching.

In a carbon copy of last year’s price cut and new tariff move, E.ON has again shone a light on the options facing millions of households in the UK this winter: wait for a small reduction from your existing provider, or get out and grab a bargain dual fuel best-buy tariff and save up to £310, compared to the average bill.*

Ben Wilson, energy spokesperson at Gocompare.com, said: “This time last year, E.ON pulled exactly the same stunt and topped the table with a one year fix at £923.  It shows how far the best buys have improved since then that today’s table-topping one year fix is down to just £783 a year, on average.

“While the price reduction for standard tariff customers will be welcomed, the message from E.ON is quite clear – if you really want to save big money on your energy bills these days, you need to switch to a better deal. Standard tariffs almost always represent the absolute worst value, and should be avoided where possible.

“E.ON’s move spells out the options for households on standard tariffs up and down the country.  If you stick with your current provider’s standard tariff you might be lucky enough to get a few quid back, but if you are prepared to switch you could save over £300.”

Top ten cheapest dual fuel tariffs

Supplier

Tariff

Tariff Type

Annual cost

Early exit fees

E.ON

Fixed 1 Yearv18 Paperless Billing

Fixed

£783

£30 per fuel

GB Energy Supply

Premium Energy Saver

Variable

£787

None

extraenergy

Fresh Fixed Price Feb 2017 v1

Fixed

£791

£25 per fuel

Places for People Energy

Together - February 2017 - fixed 30

Fixed

£794

£30 per fuel

Avro Energy

Simple and Save

Variable

£795

None

extraenergy

Clear Fixed Price Feb 2017 v1

Fixed

£799

£25 per fuel

GB Energy Supply

Fixed 12 Emerald

Fixed

£799

None

extraenergy

Bright Fixed Price Feb 2017 v1

Fixed

£800

£25 per fuel

GnERGY

Fixed February 2017 v1

Fixed

£802

£24.99 per fuel

iSupplyEnergy

iFix February 2017

Fixed

£804

£30 per fuel



Based on dual fuel, payment by monthly direct debit, averaged across all UK regions and for households with an annual energy usage of 12,500kWh gas and 3,100kWh electricity (medium user). Correct as of 20/01/2016.Excludes collective tariffs.

Gocompare.com has created a guide on switching energy supplier

- ENDS -

Notes to editors:

* Saving calculated against an average bill £1,093 (average of Big 6 standard tariffs)