Energy News

E.ON launches new fixed energy tariff

Monday 30 March, 2009

By becca.talbot@consumerchoices.co.uk

Energy giant E.ON has launched FixOnline, a new fixed energy tariff that claims to be the cheapest on the market.

The new fixed-price energy tariff from German-owned E.ON (www.eonenergy.com) is only available to customers who manage their account online and sign up to pay their energy bills by direct debit.

The energy supplier has calculated that the average FixOnline customer will pay £1,035 a year for their gas and electricity, saving them £123 a year when compared to the average UK standard tariff.

Jim Macdonald, commercial director of E.ON, said: “We know that everyone is looking for practical ways to save money right now, and FixOnline has been developed to help them do just that.”

He continued: “We’re already lowering prices for over four million of our customers and have offered one of the cheapest gas prices throughout an exceptionally cold winter, so FixOnline is just more good news for E.ON customers.”

E.ON claims its FixOnline tariff is now the cheapest dual fuel tariff in the UK, despite other energy suppliers’ price cuts.

FixOnline will include E.ON’s 9% electricity price reduction, which will come into effect for all standard tariff customers from tomorrow (31/03/2009).

Customers who sign up to the new fixed price tariff will benefit from discounts of around 17%* on the supplier’s post-decrease standard prices, and discounts and prices will be fixed until 1 June 2010.

The new tariff is available as a dual fuel tariff or as just an electricity-only tariff, but has limited availability. Customers will be charged a cancellation fee of £30 for dual fuel and £10 for electricity-only if they switch from FixOnline before 1 June 2010.

Chris Eagle, commercial manager at EnergyChoices.co.uk said: “This new fixed price tariff is welcome news from the energy market, and will hopefully prompt the other ‘big six’ suppliers into action.”

Eagle advises customers to consider switching energy suppliers to reduce bills, but warns that while a fixed price tariff may seem like the cheapest option now, prices could change at any moment: “Keep a close eye on the energy market to stay on top of any price or tariff changes. EnergyChoices.co.uk brings you the latest energy news as it happens, so make sure you subscribe to our RSS feed and email alerts.”

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