Davey: E.ON price rises announcement 'disappointing'

Energy Secretary Edward Davey called E.ON's price rises announcement "disappointing news".

Bur Mr Davey stressed:

This rise is ... lower than it would have been as a result of Government action to reduce the impact of price rises on consumers.

As part of their announcement today, E.ON have confirmed they will pass on these savings to their customers.

This does not let energy companies off the hook.

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Energy firm E.ON raises prices

Energy supplier E.ON is to increase prices by 3.7% for average dual fuel bill (an extra £48) and gas by 4.6% (£37) from January 18.