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MENAFN - - 09/05/2012

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(MENAFN) Gas and electric producer E.ON clarified that it had experienced bad remarkable effects of German decision to cease its nuclear plants.

E.ON AG is intending to lower down the prices that it pays suppliers for gas which are not proportional any more with the prices that it can charge.

It's worth mentioning that the net income of the E.ON AG declined by 23 percent in the first quarter as a noticeable reduction in demand on gas and power due to the weak
European economy.

As a result the net profit hit USD 3.04 billion compared to 3.9 billion in the same quarter the previous year.

 






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