E.ON see profits fall for 2011

Switch for the chance to WIN**

Terms & conditions apply, click for details.

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 01/04/17 and 30/09/17, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch.com saved £491 or more. **T&Cs apply. Details at https://switch.ukpower.co.uk/world-cup-promo

E.ON has reported a 7.6 per cent fall in their UK profits for 2011. Unexpected mild weather conditions during the winter and rising prices at wholesale are thought to be contributing factors to the dip in profits.

According to the Press Association, E.ON's profits came in at £304 million - despite the supplier having increased its electricity prices by 11.4 per cent and gas bills by 18.1 per cent last September.

The UK retail arm of the German giant currently provides gas and electricity to 4.8 million households.

E.ON UK chief executive, Tony Cocker, commented following the announcement of the results.

He said: "My main priorities are both to earn the trust of our customers and to earn a fair profit because I recognise that in the long-term no company can be sustainable without both.

"We understand that our customers want to know they are paying a fair price for the energy they buy from us," he added.

Latest gas and electricity news brought to you by UK Power - the energy price comparison site.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.


Found this page interesting?

Help spread the word and share this page with your friends and family on your social networks.

Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more