E.ON To Cut Electricity Prices on March 31st
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Energy provider E.ON has announced it will cut energy prices from March 31.
It is the latest firm to announce cuts, saying it would cut prices by an average of 9%. However, gas charges will remain the same.
The move is as a result of lower wholesale energy prices with 4.1 million E.ON residential customers set to benefit from reduced bills.
Graham Bartlett, managing director of E.ON's retail business, said: "We are delighted to announce that we'll be reducing our electricity prices for millions of customers, while also having maintained one of the cheapest gas prices throughout the coldest winter in over a decade.
"We know our customers are facing difficult times and we are continuing to monitor the market to ensure the prices we offer our customers are as competitive as possible."
Scottish and Southern Energy recently announced electricity and gas price cuts while British Gas revealed it would cut the cost of its standard tariff by 10% for 75% of its customers from February 19.
Scottish Power and EDF Energy have also hinted that they are considering price cuts.
It is the latest firm to announce cuts, saying it would cut prices by an average of 9%. However, gas charges will remain the same.
The move is as a result of lower wholesale energy prices with 4.1 million E.ON residential customers set to benefit from reduced bills.
Graham Bartlett, managing director of E.ON's retail business, said: "We are delighted to announce that we'll be reducing our electricity prices for millions of customers, while also having maintained one of the cheapest gas prices throughout the coldest winter in over a decade.
"We know our customers are facing difficult times and we are continuing to monitor the market to ensure the prices we offer our customers are as competitive as possible."
Scottish and Southern Energy recently announced electricity and gas price cuts while British Gas revealed it would cut the cost of its standard tariff by 10% for 75% of its customers from February 19.
Scottish Power and EDF Energy have also hinted that they are considering price cuts.
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