The energy giant’s 3.5% cut in its gas tariff is first among big six providers but analysts and Labour call it underwhelming given the 20% wholesale price fall
The energy giant E.ON has become the first of the big six gas and electricity suppliers to cut its standard tariff following Chancellor George Osborne’s complaint about firms failing to pass on the steep fall in oil prices.
E.ON, which has 4.5m household customers, will cut its gas tariff by 3.5%, effective immediately, although it is keeping its electricity charges flat.