E.ON Energy customers in Birmingham could soon see an extra £211 in their bank accounts thanks to a recent repricing of the company’s Next Fixed 12-month tariff. The update aims to help customers manage rising energy costs amid ongoing price cap changes.
The new Next Fixed 12m v128 tariff is now priced at £1,641 for a typical household using both gas and electricity, reduced from the previous £1,693. This tariff includes a £50 exit fee per fuel, offering customers the chance to lock in savings by avoiding standard variable rates.
Based on E.ON Next’s price cap forecasts for July to September, customers on this tariff could save an average of £211 compared to predicted price cap levels. The company estimates that the energy price cap will rise to £1,852 in July, an increase of £211 from the current April 2026 cap.
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E.ON emphasizes its commitment to providing timely and accurate information, helping customers make informed energy decisions. They advise customers on Next Pledge or Next Flex tariffs to anticipate price increases from July 2026 and suggest exploring fixed tariff options for greater long-term certainty.
Introduced by the Labour government in 2019, the energy price cap is designed to protect customers on standard variable tariffs by limiting the maximum price suppliers can charge. Ofgem, the energy regulator, revises this cap every three months based on industry costs. The cap applies to England, Wales, and Scotland, but not to Northern Ireland.
It’s important to note that the price cap is not a limit on your total energy bill but rather on the unit rates and standing charges energy suppliers can apply.