E.On boss says no guarantee it won't raise UK energy bills
E.On´s Chief Executive, Tony Cocker, said on Wednesday the energy supplier could not guarantee it would not raise prices in the UK this year following a hike in January.
E.Ons Chief Executive, Tony Cocker, said on Wednesday the energy supplier could not guarantee it would not raise prices in the UK this year following a hike in January.
The company was the last of the big six energy giants to increase its tariffs at the start of the year and has been fighting claims of over-charging customers ever since.
E.On had blamed higher wholesale prices and greater investment commitments for higher bills.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Cocker told the BBC's Radio 4 Today programme: "We can't guarantee we won't have to raise prices again this year."
His statement came after the company reported a 17% fall in 2012 profits to £235m.
Profit margin electricity and gas to domestic customers in the UK was estimated at 2.3%, or just under £27 on an average weighted dual fuel residential bill.
The company's sales revenues rose 5.0% to £132.1bn.
RD
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Will UK inflation rise ahead of BoE meeting?
August’s inflation report will be published at 7am on Wednesday, 17 September, one day before the Bank of England’s next rate-setting meeting
-
Thousands of savers with £250k pensions take cash over tax-free money and IHT fears
With a record £70 billion withdrawn from pensions in the year to March, experts are concerned savers are making knee-jerk decisions without advice that could affect their long term wealth