Comment on E.ON reducing the cost of its FixOnline V3 tariff

Published:

24/09/2009

Topic:

Press Release,Gas & Electricity

Scott Byrom, utilities manager at moneysupermarket.com said: "This bold move will be welcomed by British bill payers, in one fell swoop E.ON has undercut big names like EDF Energy and British Gas to offer its FixOnline V3 tariff at £981.14  a year on average.

"However, this move by one of the traditional 'Big Six' providers has failed to challenge newcomers to the market, First Utility and OVO Energy, who hold the top two spots with their average bills sitting at £964.99 and £978.67 respectively. These smaller providers threw down the gauntlet from the off and have the most competitive deals in the market. With the battle lines drawn UK consumers face a choice of 'brand versus price' and will now have to decide what is more important.

 "With the winter nights drawing in and energy consumption increasing, it is crucial Brits find the best energy deal for their region and usage. While E.ON is now the cheapest of the Big Six on average, Brits should be aware it is not the cheapest in all circumstances. The FixOnline V3 tariff is now cheapest in all 14 UK regions for a high consumption user, it takes top spot in 10 of the 14 regions for a medium user, but for the low users among us, EDF Online v5  is still the cheapest on average *. This further proves the importance of scouring the market to find the best deal for you."

-Ends-

Notes to Editors:
* When it comes to choosing an energy tariff the majority of bill payers will choose from costs based on the average consumption of a medium house - 3,300 kWh of electricity and 20,500 kWh of gas. However, levels of use can vary greatly depending on the size of your home (see table below). 

Level of consumption	Electricity	Gas
Low usage	1650 kWh	10,000 kWh
Medium usage	3,300 kWh	20,500 kWh
High usage	4,950 kWh	28,000 kWh

How the energy providers fare - average prices for online dual fuel tariffs
Based on Medium use (20,500kWh gas, 3,300kWh electric)
 

Provider	Online
First Utility	£964.99 Smart Online Saver v1
OVO Energy	£978.67 Standard
E.ON	£981.14 Fix Online v3
EDF Energy	£982.49 Online v5
British Gas	£993.56 WebSaver 4
Scottish & Southern	£1,009.52 Go Direct
npower	£1,018.54 Web 16
Scottish Power	£1,036.58 Online Energy Saver 6

Sourced by www.moneysupermarket.com 24.09.2009

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