E.On compensation 'a good deal' - Ofgem

Energy company E.On has apologised and agreed to pay £1.7m in compensation after it overcharged 94,000 customers following price rises.

Some £1.4m is being paid directly to customers who were overcharged on exit fees. They will receive an average rebate of £14.83 each.

Regulator Ofgem said that the compensation related to four price rises that occurred between 2008 and 2011.

Ofgem's Ian Marlee told the BBC's Sophie Raworth on the Watchdog Daily programme that the compensation was a "good deal for customers".

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