The U.K. arm of German utility E.ON AG (EOAN.XE) said Thursday it hopes to reduce its gas and electricity tariffs next year if wholesale prices continue to fall.
Paul Golby, chief executive of E.ON UK, said: "We're obviously very aware of the difficulties our customers are experiencing, especially considering the current economic problems, and we're monitoring wholesale prices closely in the hope of making this move."
All the U.K.'s six main power and gas suppliers raised their prices twice this year in response to rising wholesale energy costs, but those costs have fallen sharply in recent months. Centrica PLC (CNA.LN) and Scottish and Southern Energy PLC (SSE.LN) have also indicated their intention to cut tariffs next year.