E.ON - March 2010

E.ON has today at 1030 announced a price cut of 6%** off its standard gas prices.

E.ON are quoted as saying that "Around 1.9 million residential gas customers will benefit from this gas price decrease of around £42 equivalent to 6%" Effectively what appears to be happening is that monthly direct debit customers are being offered a discount of £42 per annum.

At this stage however E.ON have not provided any additional information to any broker and are unable to provide revised pricing schedules. E.ON have stated that these should be distributed to all parties within the next few days. Until we have these revised schedules we cannot comment on the direct benefit to the consumer other than to acknowledge the fact of their statement.

E.ON FACTS • E.ON is one of the UK’s leading power and gas companies – generating and distributing electricity, and retailing power and gas – and is part of the E.ON group, one of the world's largest investor-owned power and gas companies;

E.ON has around 5.5 million customers in the UK;

E.ON previously reduced their energy prices by 9% for electricity on 31st March 2009 and by 3.3% for gas on 4th July 2009. ** Around 1.9 million residential gas customers will benefit from this gas price decrease of around £42 equivalent to 6%;