E.ON makes pledge not to increase prices - Gas and electricity - News - Moneyfacts

News

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

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

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.

Compare Gas & Electricity suppliers

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

British Gas freezes standard energy tariffs

British Gas has announced that it’s freezing its standard gas and electricity tariffs for the winter, ensuring that customers needn’t worry about price rises in the chilly months ahead. But is that enough to ensure households aren’t paying too much?

Living in a new home could cut fuel bills by half

Older homes will always be slightly more expensive to heat, with less insulation and sneaky draughts making these character-filled homes harder to heat efficiently. But did you know just how much more this could cost you? It could be double…

Standard energy tariffs are “fundamentally unfair”

We all know how expensive energy bills can be, particularly at this time of year when we’re all turning the thermostat up a notch. But what if you’re paying even more than you should be? If you’re on a standard tariff, that’s a very real possibility.
 
Close