Energy firms 'must play fair' warning.
OTHER energy suppliers must follow and improve upon E.ON's "long overdue" move to cut its standard gas price to reflect falling wholesale prices, consumer groups have said.
E.ON is to cut its standard gas price by an average of 5.1% from February 1, which it says is the equivalent of PS32 off an average annual gas bill.
The announcement comes as wholesale prices for gas and electricity fell to their lowest level for five years and follows mounting criticism that companies are failing to pass the drop on to customers.
Citizens Advice chief executive Gillian Guy said that while E.ON's cut was encouraging, the savings for customers would be "modest" and the energy giant also needed to lower electricity bills.
She said: "The industry as a whole urgently needs to step up to the plate - suppliers need to play fair with customers and start passing on the major savings" E.ON said the new tariff - a one-year fixed dual fuel deal with an average annual price of PS783 - would be "Britain's cheapest energy tariff available today".
E.ON is to cut its standard |gas price by 5.1% average