E.ON raises energy prices


E.ON has today (11/02/08) become the latest major energy supplier to raise the cost of its gas and electricity.

Customers of the German-owned company, formerly known as Powergen,
will see their electricity bills increase by 9.7% and their gas bills
by 15%.

E.ON says a typical dual fuel customer will see their bill increase
by 31p a day. It blames the increases on a 60% rise in the cost of
wholesale gas.

Graham Bartlett, managing director of E.ON Energy, says: "We realise
the impact this price increase will have on our customers and we're
doing everything we can to minimise this.”

The supplier has also launched a price protection product that
allows customers to cap prices until 1 October 2009 with no tie-ins or
cancellation fees.

It is also delaying the increase in prices for 670,000 vulnerable customers until 1 April.