E.ON Next price changes in 2024
E.ON Next’s energy prices have risen once in line with the energy price cap.
Like most energy suppliers in the UK, E.ON Next’s energy prices are subject to Ofgem’s energy price cap. The cap sets the maximum price suppliers can charge for average usage on their standard variable tariffs. These are typically the most expensive type of energy plan.
Energy wholesale prices increased a great deal from the autumn of 2021 due to a combination of factors, such as supply and generation issues. Energy suppliers were having to pay much more for energy than previously, so the energy price cap level (which caps the unit rates customers pay) eventually reached £3,549 – and because most customers by then had rolled off fixed deals without having anything to switch to other than the standard tariff, this would have affected over 25 million households.
The government therefore introduced the Energy Price Guarantee, which capped prices at the equivalent of £2,500 for an average-use household. When the price cap was set at £2,074, though, it began setting the unit rates of standard variable tariffs again. After dropping to £1,834, it is currently set at £1,928 until 31 March 2024.