E.On to raise Gas+Elec prices

golly99

It's taken longer than originally thought, but E.On are raising their prices, Energy firm E.On is to raise gas prices by 26% and electricity prices by 16% on 22 August

http://news.bbc.co.uk/1/hi/business/7534796.stm

Wishing I'd capped with E.on now ;-)

thesmiddy

I am now thankful I capped (for the first time ever).

A_fiend_for_life

Yeah just got it on radio 4.

Wonder if the rest will announce price rises quicker now.

seven-day-weekend

Capped a couple of weeks ago - phew! (Existing e-on customer).

I, like thesmiddy, had never capped before either. I just took Martin's advice.

Will have to start budgeting now for a years' time when the capped rate finishes.

DanceInThe_Dark

Hmmm, I capped last week (already an EON customer with electric and now taking gas from them too). I was promised that the amount I agreed to on that day would be the amount I pay during my capped period but have heard that as it takes a couple of weeks for it all to go through I might end up paying more...

annettetabs

Just in case you are not aware Eon's price increases came into effect today. I have just rang them re my existing tarriff and they informed me of this. :mad:

Geoff_W

Well, just done some 'back-of-an-envelope' calculations and it looks like the Price Protection 17 differential has been more than swallowed up in one go.

I intend to keep a running total on the savings made, and squirrel away the difference ready for the inevitable jump in October 2009.

Geoff

1carminestocky

When comparing how much better or worse off you are for capping, remember to check out the lowest tariff on the market (or at least the lowest tariff with the company you have capped with).

thesmiddy

Good thinking Geoff, the !!!!!!s will get us all in the end! By Oct 09 that could be some jump indeed.

Geoff_W

thesmiddy wrote: »

Good thinking Geoff, the !!!!!!s will get us all in the end! By Oct 09 that could be some jump indeed.

Exactly! It's like taking out a fixed rate mortgage and then finding that interest rates have jumped when it ends. Sound familiar?

Geoff

Kane99uk

Glad I managed to make an online switch to the capped tariff a couple of weeks ago. Better prepared for the next likely rise not much longer after New Year.