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E.ON releases a great new offer for cash-strapped gas and electricity customers

The price drops announced by the leading energy suppliers have become effective. Yet these new prices won't do much to help beleaguered consumers. Energy remains very expensive and now that it is warmer and we need less energy anyway, the effect of price cuts is not going to be as helpful as it would have been during the bitter cold period of months past.

But on the positive side, there now is a wealth of new discount tariffs to choose from. The one offer that stands out at this point is E.ON’s just-released ‘Fix Online’ tariff. As the name suggests, the product is a fixed price product, which guarantees the cost of your energy until 1st of June 2010, and it is available online only, through this service. Since its launch just a few days ago, the offer has already been taken up by thousands of customers because unlike most other Fixed or Capped price tariffs this one is actually really cheap.

Here are the details: prices are guaranteed to stay put until June 1st 2010. Customers must agree to service their account on the E.ON website, and in keeping with E.ON’s common tradition the tariff also comes with Tesco Clubcard Points (1 Point for every £2 spent on energy).

To see how this tariff works out for your circumstances, please use our comparison service which compares the entire market. It is important that you compare prices first – your savings vary depending on where you live, how much energy you use and who you are using now for gas and electricity. Please also note that E.ON will charge a £30 penalty (£10 for electricity-only customers) if you don’t stay with E.ON for the duration of the guarantee period.

Don’t delay or you might be disappointed. Customers have already used our comparison service to switch to this tariff in strong numbers, so this tariff might not be around for long. Energy tariffs are sold on a first-come-first-serve basis, so once E.ON has met its target, the tariff is likely to be withdrawn.

Table 1 – Major price change announcements by leading supplier

Florian Ritzmann is Product Director at online comparison service Xelector.com and has been working with energy suppliers for ten years.