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E.On increases standard variable dual fuel prices

Around 2.5 million E.On customers could see an increase in their bills. Credit: PA

Energy supplier E.On is to increase its standard variable dual fuel prices by an average of 8.8% from April 26.

The energy giant said its standard electricity prices will increase by an average of 13.8% and standard gas prices will rise by an average of 3.8% "due in large part to increasing policy costs and other costs it doesn't control".

Around 2.5 million of E.On's residential customers - 62% - will "potentially" see an increase if they take no action before April 26, the company said.

E.On's announcement follows a spate of energy price rises in recent months.

Npower, EDF and Scottish Power are among those to have ramped up bills, with many blaming rising wholesale costs.

Co-operative Energy is also increasing the cost of its standard variable tariff by an average of 5%.

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Two more energy providers announce gas price cuts

EDF and British Gas are the last of the Big Six to cut their gas prices. Credit: PA

EDF Energy and British Gas have become the latest energy suppliers to cut their gas prices.

British Has announced a 5.1% reduction by March 16, while EDF said they would slash their rates by 5% from March 24.

The companies follow suit of Npower, E.ON, Scottish Power, SSE, who have all announced cuts of more than 5% in the past month.

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