Property News · October 1, 2013

E.ON scraps fixed-price tariff scheme for thousands of pensioners


Company blames new Ofgem rules, but charity warns that elderly people would suffer from reforms meant to benefit themA fixed-priced tariff energy scheme that has provided some protection from harsh winters for thousands of pensioners for more than 12 years is being axed by a utility giant as part of the national drive towards simplification of bills and pricing.The StayWarm product – which is administered by the German-owned utility giant E.ON – offers fixed-price gas and electricity providing peace of mind for people aged 60 or over. Unlike a standard tariff where bills are driven by meter readings and therefore consumption, StayWarm prices are based on consumption over the previous 12 months and on the state of the wholesale energy market. The amount a customer pays is fixed for 12 months from when they sign up, so there are no unexpected bills. Continue reading…

Source : theguardian.com
Read more…E.ON scraps fixed-price tariff scheme for thousands of pensioners

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