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E.ON makes pledge not to increase prices

E.ON makes pledge not to increase prices

Category: Gas and electricity

Updated: 14/05/2012
First Published: 14/05/2012

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E.ON has pledged not to increase its residential gas and electricity prices in 2012.The announcement comes after Centrica – the owner of British Gas – hinted that it would be increasing gas and electricity prices later this year.

It said that wholesale costs would rise by around 15% in the coming winter, adding around £50 to energy bills.

All of the UK 's 'Big Six' gas and electricity companies have cut prices in recent months, having all increased tariffs before last winter.

But E.ON, which has five million domestic customers, has promised that it will not be increasing energy bills this year, although it could still announce a rise in the opening months of 2013.

"Let me be clear, E.ON will not raise residential prices in 2012," said Dr Tony Cocker, chief executive of E.ON.

"I want every family in the UK to know that we will always do our best to be fair and act in the best interests of our customers."

"Unfortunately global energy markets are expected to see an overall trend of rising wholesale prices but as a company we believe in acting fairly, which means cutting prices when we can and never raising prices unless absolutely necessary."

E.ON increased prices twice last year, but cut prices by 6% in February.

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