E.ON slashes electricity prices

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E.ON has announced it is lowering electricity prices for the majority of its customers by nine per cent.

The company said that 4.1 million homes across the UK would be affected by the reduction, which comes into effect on March 31st.

E.ON will not be reducing the cost of its gas.

A spokeswoman for E.On said gas prices were not being cut because it had "offered one of the lowest prices for gas throughout the winter months when our customers have needed to use more gas to heat their homes".

The spokesperson added that customers would benefit more from a reduction in electricity prices as consumption remains stable throughout the year.

Almost four fifths of E.ON's 5.5 million customers will benefit from reduced bills.

Earlier this month, the Scottish National Party's spokesperson for energy Mike Weir claimed all energy firms needed to follow British Gas's example and lower prices by around ten per cent.

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