• Prices cut for Next Pledge customers three times since launch(1)

• Collectively more than £14million saved by nearly 500,000 customers

E.ON Next customers who have signed up to the pioneering E.ON Next Pledge tariff (https://www.eonnext.com/tariffs) are collectively on track to have saved more than £14 million compared to the industry-wide price cap in the year since Pledge launched.

Since its launch in August 2023, in excess of 400,000 customers have signed up to E.ON Next’s pioneering tracker tariff which guarantees to always remain at least £50 below the industry-wide price cap. Importantly, as well as saving against the cap, Pledge customers have continued to benefit from falling prices, with E.ON Next cutting prices three times over the past year and passing through a total reduction of £411(1).

Julian Lennertz, Chief Commercial Officer of E.ON Next, said: “We’re really proud we’ve delivered this saving of over £14m for our customers in the last year alone. Whether it’s innovative game changing tariffs, new EV products or the latest in heat pumps, solar or home batteries, we’re 100% living up to our role as the playmaker in the energy transition – taking action to make things happen and help our customers by making new energy work.”

Next Pledge is a 12-month fixed term product currently priced at £1,518, which tracks the price cap and is priced £50 below the cap at average annual consumption(2). The price will change each quarter in line with price cap level changes which means if the cap falls so will Pledge. The tariff is available to both new and existing customers with payment via Direct Debit and comes without an exit fee.

Positive feedback has been received from many E.ON Next customers who are seeing the benefits of the tariff. Some of the five-star reviews include:

• Anthony described Next Pledge as a ‘game changer’ giving the tariff five stars on Trustpilot: “I was already on E.ON’s Next Pledge tracker. However, as I was an early adopter of this tariff it was due to run out. E.ON Next contacted me to say a new tariff essentially the same was available so I could extend the period of the tracker. It was simple enough to go online and change to that. Overall I am pleased with the effect of the tracker which follows the rise and fall of the price cap to maintain the lower price of my bill.”

• Jenny also gave the tariff five Trustpilot stars, saying: “I’ve had fantastic customer service since my first query about moving to E.ON Next, this was really refreshing. Add to that the use of 100% renewable electricity and the pledge of the lower than price cap tariff that’s a no-brainer.”

To find out more about E.ON Next’s Pledge, visit https://www.eonnext.com/tariffs/next-pledge

ENDS

Notes to editors

(1) Prices were cut in October 2023, April 2024 and July 2024. The total saving (which includes a rise in January 2024) of £411 is based on Ofgem average consumption of 2,700 kWh for electricity and 11,500 KWh Gas. To calculate this the average July price cap level was converted to current Ofgem averages from the then previous averages of 2,900 kWh for electricity and 12,000 kWh for gas.

(2) Next Pledge is priced £50 below the price cap at average annual consumption of 2,700 kWh for electricity and 11,500 kWh for gas.The price is based on average annual dual fuel use and will differ according to consumption. Customers need to pay by Direct Debit and agree to have a smart installed where eligible.

The information (including any forecasts or projections) contained in this press release (the "Information") reflects the views and opinions of E.ON on the date of this press release. The Information is intended as a guide only and nothing contained within this press release is to be taken, or relied upon, as advice. E.ON makes no warranties, representations or undertakings about any of the Information (including, without limitation, any as to its quality, accuracy, completeness or fitness for any particular purpose) and E.ON accepts no liability whatsoever for any action or omission taken by you in relation to the Information. Any reliance you place on the Information is solely at your own risk. This press release is the property of E.ON and you may not copy, modify, publish, repost or distribute it without our permission. © E.ON 2024

Logo

Tags

More Like This

E.ON Next offers free electricity on every Bank Holiday for the next year

Energy savings advice hits the big screen thanks to E.ON Next

Save £133 and beat the Energy Price Cap with E.ON Next’s new and exclusive 24-month fixed tariff

E.ON Next urges customers to check their tariff today, with the Energy Price Cap expected to increase again

E.ON Next charging up EV drivers across the nation by charging less

E.ON Next customers could save an average of £325 a year – simply by downloading an app

E.ON Next launches UK’s first fixed Time of Use tariff for the mass market

E.ON Next exceeds £60m commitment to support vulnerable customers this winter