E.on pledges 2012 energy price freeze

Energy giant E.on has reassured its five million customers after it pledged to keep residential energy prices on hold this year.

E.on’s pledge came after British Gas owner Centrica last week signalled that further price hikes were on the way as its costs continued to mount.

The German giant confirmed wholesale energy costs were expected to climb, but said it would freeze prices for the rest of 2012 as part of a commitment to be fair. However, E.on may still raise prices at the start of 2013, meaning customers may pay more in some of the coldest months.