E.ON to freeze energy prices

14 May 2012

EON_UK_RGBE.ON have said that they will not be increasing energy tariffs for UK residential customers this year, even though wholesale energy prices have risen. Of course, they were ripping us all off in the first place, but at least they're trying with this token gesture.

"Unfortunately global energy markets are expected to see an overall trend of rising wholesale prices," Tony Cocker, Chief Executive of E.ON UK said, but he added the company would still keep residential prices frozen like a nana in winter who can't afford her heating bills. That's satirical that is.

Of course, this all comes on the back of the notion that the rest of the Big Six will be putting their prices up after British Gas owner Centrica said the trend for retail energy costs "remains upwards."

That said, the Big Six all announced tariff cuts in January (after they'd collectively all put up their prices over a period of years, which angered everyone because between them, they own 99% of the market).

Either way, in the battle for good press, E.ON have announced plans to cut its UK power prices by 6 percent. Will the others follow suit?

TOPICS:   Utilities   High Street News

2 comments

  • Numpty D.
    Have they announced their quarterly profits of £8 billion yet?
  • Smith
    That's really great, E.ON have said that they will not be increasing energy tariffs for UK residential customers this year, even though UK wholesale energy prices have risen. Of course, they were ripping them all off in the first place, but at least they’re trying with this token gesture.

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