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"E.ON delivers a punishing price increase to 2.5m standard variable tariff customers. Why? Because it can."

07 March 2017

Gocompare.com comments on E.ON announcing an 8.8% increase to its dual fuel standard tariffs
Ben Wilson, energy spokesperson at Gocompare.com, said: "Surprise, surprise. Another of the big six energy providers announces punishing increases to energy bills for its 2.5m customers on standard variable tariffs. Why? Because it can. The question E.ON customers should ask themselves is are they just going to take it, or are they going to come to wake up, realise they're being mugged off and switch to a better deal?

"Last week Ofgem released figures showing that the energy switching revolution has started but it's still up to customers to tell these profiteers where to stick their bigger bills. The fact remains,  energy companies still queue up to deliver unjustifiable price rises to their loyal customers because they know that millions of them will do nothing about it.

"From our own research*, we know that 56% of households haven't switched energy provider in the last three years and 29% have never switched. But shopping around isn't a gimmick. Customers who haven't switched recently could save as much as £305** on their gas and electricity bills by moving to a new deal. Finding a cheaper energy supplier is easy using a comparison site and you could be saving money within three weeks of clicking the button."
"All eyes will now be on SSE, the only remaining big six energy provider which hasn't yet increased its prices this year or, like British Gas, pledged to freeze prices until the summer. It's depressingly inevitable that soon SSE will also land a sucker punch to its loyal standard variable rate customers by promising them inflation busting bigger bills. We only hope they, and E.ON customers, quickly come to their senses and switch."

For more information on switching energy supplier, read Gocompare.com's guides.


Notes to editors:

*On 6 January 2017, Bilendi conducted an online survey among 2001 randomly selected British adults who are Maximiles UK panelists.  The margin of error-which measures sampling variability-is +/- 2.2%. The results have been statistically weighted according to the most current education, age, gender and regional data to ensure samples representative of the entire adult population of United Kingdom. Discrepancies in or between totals are due to rounding.  The 2016 switching survey was also an online survey conducted by Bilendi among 2001 randomly selected British adults who are Maximiles UK panelists, it was conducted on 5 January 2016.

**At least 51% of customers who provided their energy usage and received a price for switching energy supplier for both gas and electricity with Gocompare.com saved £305 or more (1st July - 30th September 2016)