June 19, 2017
Last week, E.ON launched a new one-year energy tariff that promises to remain £100 below the average price of all energy tariffs on the market.
The 'Cap and Track' tariff will follow the Energylinx Price Retail Index, which tracks the price of all energy tariffs across the UK.
The tariff price will be reviewed on a quarterly basis. If the average cost has dropped over the quarter then the price of the tariff will also fall £100 below the average figure. If the market average goes up after a quarter then the tariff price will increase, but will never be more expensive than when the customer signed up.
Whilst the E.ON tariff isn't the cheapest on the market, the price can drop. The average price for customers signing up today is £955. The current cheapest tariff on the market is £850 and comes from Farnborough based supplier, OneSelect.
Chris Lovatt, director of residential operations at Eon, said: 'Eon Cap and Track provides peace of mind to customers that their prices are capped at the level they sign up to and are reviewed every three months.
'By capping the price for the duration of the 12-month tariff, we guarantee the price the customer pays will not rise above their start price.
'For many, this takes away the hassle of shopping around for energy, especially for those who don't feel they have the time to do so. This is one of the many ways we're helping to boost engagement in the energy market, particularly with people on standard variable tariffs.'
E.ON's Cap and Track Tariff is only avaliable from E.ON directly. Energylinx compares the whole market, so you can see what tariff saves your household the most money by doing a quick online comparison or call one of our energy advisors on 01259 220000.
Posted on June 19, 2017 at 02:37 PM