Further suppliers to increase energy bills: After an announcement last week from British Gas, they are to adjust their prices to the new tariff cap, more suppliers have come forward about the changes that could potentially see customers’ energy bills increase upto £96.
EDF, Scottish Power and E.ON adjusted to the new tariff cap level and changed prices on their websites last week.
This follows Ofgem’s announcement for the new price cap at £1,156 for pre-payment meter customers and at £1,138 per year for default tariff customers.
The maximum rate suppliers can charge for average use on standard variable or default tariffs is set to the price cap.
This will happen on the 1st April and is predicted to affect around 15m customers.
The EDF standard variable tariff will charge £1,138, which is an increase of £96, whilst prepayment customers will pay £1,156, which is an increase of £87 for EDF customers on dual-fuel (electricity and gas on the same bill).
“In the face of sharp increases in the costs to supply energy, we have already seen two suppliers collapse this year and as a sustainable, long-term business it is critical that we reflect the costs we face.” said an EDF spokesperson.
“We promise our customers that we will continue to offer a range of long-term, fixed tariffs, that guarantee a consistent price of energy for the duration of the tariff.”
“Customers on tariffs that are due to change in April will be written to, reminding them that they are free to switch tariff at any time and that they should check that they are on the best tariff for them.”
“Ofgem reviews its energy price cap every six months to reflect changes in the market, including changes in wholesale costs. Following Ofgem’s latest review, we have made changes to our standard variable tariff, E.ON EnergyPlan.” Said by an E.ON spokesperson.
“From 1st April 2021, the price of our standard variable tariff E.ON EnergyPlan for customers taking both fuels will be £1,138, based on Ofgem average annual consumption of 12,000 kWh for gas and 2,900 kWh with payment by Direct Debit. Our current price is £1,042.”
Further suppliers to increase energy bills