{"id":5678,"date":"2022-05-16T19:10:06","date_gmt":"2022-05-16T17:10:06","guid":{"rendered":"https:\/\/pr.gagadget.com\/verizon-raising-prices-for-wireless-plans-with-new-economic-adjustment-charge\/"},"modified":"2022-05-16T19:10:06","modified_gmt":"2022-05-16T17:10:06","slug":"verizon-raising-prices-for-wireless-plans-with-new-economic-adjustment-charge","status":"publish","type":"post","link":"https:\/\/pr.gagadget.com\/en\/verizon-raising-prices-for-wireless-plans-with-new-economic-adjustment-charge\/","title":{"rendered":"Verizon raising prices for wireless plans with new \u2018economic adjustment charge\u2019"},"content":{"rendered":"
Verizon raising prices for wireless plans with new \u2018economic adjustment charge\u2019<\/div>\n
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Two weeks ago, AT&T announced that it would be increasing prices for many of its legacy subscribers starting in June. Now, Verizon is following suit with its own round of price increases for consumer and business accounts. This marks the first time that Verizon has raised prices in two years. <\/p>\n

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Verizon price increases are coming<\/h2>\n

Verizon CEO Hans Vestberg first raised the possibility of increasing prices back in April, citing ongoing inflation concerns. Vestberg stopped short of saying price increases were definitively coming, instead saying that the company had \u201cplans to be prepared for what it takes,\u201d including \u201cdifferent types of cost adjustments.\u201d <\/p>\n

This marks the first time that Verizon has increased prices on these customers in two years. However, the company has increased prices on customers grandfathered into older plans as recently as late 2021. <\/p>\n

Verizon is taking a different approach to raising prices this time. The advertised pricing of Verizon\u2019s actual plans will stay the same, but it will begin adding a new \u201ceconomic adjustment charge\u201d to your bill every month. <\/p>\n

The news was first reported by Bloomberg<\/a><\/em> and Verizon confirmed the changes through its representatives. According to the company, the \u201ceconomic adjustment charge\u201d will be $1.35 per voice line for consumers. For instance, if you have 4 people on your family plan, this means your monthly cost will increase will be around $5.50. <\/p>\n

Note that the increase applies only to voice lines per account. For instance, if you have four voice lines and two data only iPad lines on your account, your increase will only be based on the four voice lines. <\/p>\n

Business customers will see a bigger increase every month, with data plans increasing by $2.20 per month and \u201cbasic service plans\u201d increasing by $0.98 per month. <\/p>\n

Verizon says these price increases will go into effect beginning with customer bills sent out in June. The increase on business accounts will begin on June 16. Verizon started notifying consumers of this new \u201ceconomic adjustment charge\u201d today, while it has also been in direct contact with \u201csome of its larger corporate clients\u201d recently as well. <\/p>\n

These changes follow price hikes on certain plans from AT&T last month, though AT&T notably excluded its newest Unlimited plans from the price changes. Verizon\u2019s \u201ceconomic adjustment charge\u201d applies across the board to all plans. <\/p>\n

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https:\/\/9to5mac.com\/2022\/05\/16\/verizon-price-increases\/<\/div>\n","protected":false},"excerpt":{"rendered":"

Verizon raising prices for wireless plans with new \u2018economic adjustment charge\u2019 Two weeks ago, AT&T announced that it would be increasing prices for many of its legacy subscribers starting in June. Now, Verizon is following suit with its own round of price increases for consumer and business accounts. This marks the first time that Verizon […]<\/p>\n","protected":false},"author":1,"featured_media":5679,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/pr.gagadget.com\/en\/wp-json\/wp\/v2\/posts\/5678"}],"collection":[{"href":"https:\/\/pr.gagadget.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pr.gagadget.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pr.gagadget.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pr.gagadget.com\/en\/wp-json\/wp\/v2\/comments?post=5678"}],"version-history":[{"count":0,"href":"https:\/\/pr.gagadget.com\/en\/wp-json\/wp\/v2\/posts\/5678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pr.gagadget.com\/en\/wp-json\/wp\/v2\/media\/5679"}],"wp:attachment":[{"href":"https:\/\/pr.gagadget.com\/en\/wp-json\/wp\/v2\/media?parent=5678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pr.gagadget.com\/en\/wp-json\/wp\/v2\/categories?post=5678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pr.gagadget.com\/en\/wp-json\/wp\/v2\/tags?post=5678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}