E.On chief Tony Cocker: Price rise looks 'increasingly likely'

Between 1 July 2019 and 31 December 2019, at least 10% of people who switched energy supplier for both gas & electricity with Uswitch saved £479 or more.

The chief executive of the only 'Big Six' energy supplier yet to confirm a rise in energy bills has warned a similar price hike is becoming 'increasingly likely'.

E.On chief executive, Tony Cocker, took a similar stance to many of his firm's rivals by pointing the finger at increasing distribution costs and government schemes.

He said: "Whilst we will not comment on speculation, it is fair to say that we are being put in a position where it is increasingly likely that we will need to pass on some of these increases in costs to our customers."

Although it has not been confirmed as of yet, it is believed the energy supplier will raise its charges to 6.6%, becoming the fifth out of six 'Big  Six' energy firms to raise fees double that of the inflation rate. Only EDF's rise, at 3.9% is lower than this.

With price rises either on the way, or already in effect, a huge number of people have taken to contacting Citizens Advice for help online. In total, some 83,799 people have contacted the charity since October 10 when SSE bumped up its energy prices.

Citizens Advice chief executive, Gillian Guy, said: "An extra £200 on top of current prices would break many households which are already forced to make the impossible choice between heating and eating."

The government has a number of schemes in place to help cut down energy bills by improving energy efficiency. The Green Deal and Energy Company Obligation (ECO) initiatives have been designed to help fund the fitting of new measures such as new boilers and wall insulation.

The Green Deal is open to all homeowners, but the ECO scheme is designed to help support the most vulnerable of an energy supplier's customers .

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