The Nottingham Pensioners' Action Group claims the firm's decision to impose inflation-busting rises in the price of gas and electricity could push more of the city's elderly below the poverty line.
From today, the German-owned group is putting up electricity by 16% and gas by 26%.
But they say a quarter of customers – including pensioners – will be unaffected because of price protection plans.
E.on blames rising wholesale energy costs which have put outlay up by 51% since February.
Average dual fuel customers could see their bill increase by as much as 62p a day – or £17 a month.
Roy Tomlinson, pensioners' group chair, said: "This is going to have a great impact, especially on the back of recent hikes by other energy and utility companies.
"The increases all add up and I think we will be seeking action on this.
"There has been no thought whatsoever about human beings, only their own account books."
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