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E.ON UK to raise standard energy prices by 10 percent from April

Reuters 2019-02-11 17:16:30
A hot air balloon with the logo of German energy giant E.ON flies at dawn in Ronda, southern Spain, July 21, 2018. REUTERS/Jon Nazca

LONDON (Reuters) - E.ON UK will raise its standard variable energy prices by a little more than 10 percent from April in line with regulator Ofgem’s price cap, the company said on Monday.

Ofgem last week announced its cap on duel-fuel bills - both gas and electricity - would rise by 117 pounds ($151) a year, or 10.3 percent, to 1,254 pounds ($1,621) a year from April 1.

“In line with that, we’ll be making changes to our standard variable tariff prices from 1st April and expect to see similar movements across the energy industry,” an E.ON UK spokeswoman said via email.

($1 = 0.7737 pounds)