Energy Prices Tumble as Online Price War Hots Up
on: August 5, 2009, 6:59 am
energy prices are set to tumble
again as E.ON launches a new online energy plan. The new plan
sees E.ON become Britain’s second cheapest energy supplier,
coming just behind EDF Energy. E.ON’s energy plan averages
out at £1,017 a year, while EDF Energy’s average bill
size comes in at £983. However, EDF Energy’s plan
is only available in 10 out of 14 energy regions, which means
that many households will not be able to benefit.
Gas has been forced into third place by today’s move, leading
to mounting speculation that Britain’s biggest supplier
could make a bid to regain its crown by bringing out a market
beating new plan. This would be even better news for consumers
as it would push the cost of online energy plans down even further.
online price war is also proving very timely for consumers coming
off fixed price
energy plans this year. There are 4.6 million UK households
currently on fixed or capped energy plans – many of these
were savvy enough to fix their prices last year therefore avoiding
much of last year’s price hikes.
many of these plans are coming to an end and households will be
thrown back onto the market. If they don’t act they could
be pushed back onto a standard energy plan, which would see their
annual bill increase by just under £100. However, if they
take advantage and move to the cheapest online energy plan they
could actually see their energy
bill fall by £62.
Marples, energy expert at uSwitch.com, says: "The online price
war is hotting up and energy prices are coming down as a result.
If consumers want to benefit they need to ditch their expensive
standard plans and move to one of the new online energy plans.
The average standard plan is £1,239 a year while the average
online plan is now £1,025 a year – this is an easy
saving of £214 a year for the average household.
also good news for people coming off low price fixed rate deals.
They managed to avoid much of the 42% hike in prices last year
and are still sitting on a competitive plan today. Now, as this
plan comes to an end, they have the option to move online and
save a further £62 on the cost of their energy. This is
a real lifeline to those who were worried about where they were
going to go next and who could see that moving back to a standard
energy plan was going to cost them dear."
more information please contact:
Jo Ganly, uSwitch.com 020 7802 2915 / firstname.lastname@example.org
uSwitch.com is a free, impartial online and telephone-based comparison
and switching service, helping consumers compare prices on gas,
electricity, water, heating cover, home telephone, broadband,
digital television, mobile phones, personal finance products and