Robert Hammond, energy expert at Consumer Focus said:
‘E.ON customers will see this as a piece of welcome news. Any price cut is better than no price cut at all, but a pattern is emerging and yet again our energy companies are operating with a pack mentality.
It speaks volumes that this announcement is remarkably similar to ones made recently by E.ON’s competitors. It is crystal clear that suppliers are operating in a low-risk market where there is insufficient competition to drive down prices.
‘Wholesale energy prices have been falling since 2008, yet our suppliers wait until the spring, when we obviously use our heating less, to pass on meagre price cuts – it is a model of how a competitive market shouldn’t work.’
- Ends -
Estimated GB Average Energy Prices following recent price change announcements*
|
Gas |
|||||||||
| Tariff – Payment Type |
Current |
Current |
Current |
Estimated |
Current |
29 Mar 10 |
Max |
Min |
Average |
| Gas – Medium User |
SPower |
EDF |
BGas |
E.ON |
npower |
SSE |
Bill |
Bill |
Bill |
| Monthly Direct Debit |
£764 |
£723 |
£719 |
£691 |
£776 |
£702 |
£776 |
£691 |
£729 |
| Standard Credit – Cash or Cheque |
£905 |
£769 |
£754 |
£735 |
£797 |
£740 |
£905 |
£735 |
£783 |
| Pre Payment Meter |
£826 |
£768 |
£754 |
£735 |
£797 |
£715 |
£826 |
£715 |
£766 |
|
Electricity |
|||||||||
| Tariff – Payment Type | Current | Current | Current | Current |
Current |
Current |
Max |
Min |
Average |
| Electricity – Medium User |
SPower |
EDF |
BGas |
E.ON |
npower |
SSE |
Bill |
Bill |
Bill |
| Monthly Direct Debit |
£403 |
£403 |
£377 |
£422 |
£437 |
£424 |
£437 |
£377 |
£411 |
| Standard Credit – Cash or Cheque |
£467 |
£429 |
£417 |
£449 |
£458 |
£446 |
£467 |
£417 |
£444 |
| Pre Payment Meter |
£437 |
£428 |
£417 |
£449 |
£458 |
£446 |
£458 |
£417 |
£439 |
|
Dual Fuel |
|||||||||
| Tariff – Payment Type | Current | Current | Current | Estimated | Current | 29 Mar 10 |
Max |
Min |
Average |
| Dual Fuel – Medium User |
SPower |
EDF |
BGas |
E.ON |
npower |
SSE |
Bill |
Bill |
Bill |
| Monthly Direct Debit |
£1,156 |
£1,117 |
£1,082 |
£1,088 |
£1,150 |
£1,102 |
£1,156 |
£1,082 |
£1,116 |
| Standard Credit – Cash or Cheque |
£1,355 |
£1,189 |
£1,157 |
£1,184 |
£1,255 |
£1,162 |
£1,355 |
£1,157 |
£1,217 |
| Pre Payment Meter |
£1,262 |
£1,189 |
£1,157 |
£1,184 |
£1,255 |
£1,162 |
£1,262 |
£1,157 |
£1,201 |
NOTES:
N/A No available tariff
Average bills are based on annual consumptions of 20,500 kWh for Gas, 3,300 kWh for Electricity and are averagedacross each regional distribution area to give a GB average
All prices include VAT @ 5%
Source: Consumer Focus
