The company has reassured customers that it will not raise charges after UK news agencies reported today that a variety of other power suppliers intended to increase prices owing to the soaring costs of oil.
However, JEC chief executive Mike Liston said that the company pledged 12 months ago not to raise tariffs for two years. ‘Despite a doubling of world energy prices, we stand firm on that commitment,’ he said.
The company put up its rates by 19.5 per cent at the beginning of 2007 – only its second increase above inflation in 20 years – and pledged to freeze prices for at least two years.
