O2 is hiking prices by 1.4% from April - here's how much more you’ll have to pay

O2 is hiking its prices for millions of customers as bills are set to increase by 1.4 per cent from April.

The telecom provider is contacting customers this week to notify them about the rising rates, and those who are affected will not be able to cancel their contract without incurring a penalty fee.

How much will bills increase?

The prices of customers’ monthly airtime tariff is being adjusted in line with the 1.4 per cent Retail Price Index (RPI) rate of inflation, which was announced in February.

Customers’ bills will be adjusted by this amount in April and will affect those on sim-only, contact and mobile broadband plans who are still in contract.

The level of increase will depend on the type of contract you are on.

Those who are on an O2 Refresh contract, which splits the bill into separate airtime and phone costs, will only see an increase on the airtime part of their bill. For example, if your airtime plan costs £26 per month, this will increase by £0.36.

Here is a breakdown of the changes depending on when you took your contact out:

If you signed up before 23 January 2014