Following SSE's announcement last week that it would be increasing its energy prices by around 9 per cent from October, E.ON has revealed that it will not by increase its standard gas and electricity prices.
Providing its customers with a sense of relief, E.ON has stated that it will also take steps to simplify its current tariff comparison process, as well as ensuring that the prices of its residential energy tariffs are maintained. Customers that are on fixed-term deals set to expire before the end of the year, however, could face an increase.
Commenting on E.ON's decision not to implement a price increase before the end of 2012, chief executive, Tony Cocker, said: "In May I promised our millions of customers that we would not raise our standard energy prices and given all the concern and speculation in recent days, I wanted to let our customers know that our standard energy prices won't rise one penny in 2012."
Although many other energy companies are expected to follow in SSE's footsteps - by implementing a price rise - a number of green energy suppliers - such as Ovo Energy and Good Energy - have lowered their energy prices this year.
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