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EDF Energy Increases Prices

01/09/2010

Customers of EDF Energy are to experience a price rise on October 1st of 2.6 percent.

The 1.2 million customers are likely to see on average an increase of £11 to their standard electricity tariffs in 11 out of 14 energy regions, equating to 37 percent of EDF customers to be affected, uSwitch reports.

The average EDF Energy electricity bill will go up from £429 to £438 a year with the average dual fuel bill seeing an increase of £68 to a total of £1,167.

“No matter how this is dressed, this is a price rise and will be worrying news to consumers,” said Thomas Lyon, uSwitch.com energy expert.

“What is clear from today’s announcement though is that there is no place for complacency – even if wholesales prices remain relatively low other costs such as transmission and environmental levies can still go up.  Over the next ten years we expect these to play a growing role in pushing up the cost of our household energy bills.”

In response to this rise Consumer Focus’ head of Energy Audrey Gallacher urges customers affected to shop around for a better deal.

“It’s worrying to see suppliers make immediate moves to pass on small increases in their network costs, when for months they have failed to pass on significant cuts in energy wholesale costs,” she commented.

“Price hikes across the energy industry are not warranted, as these huge falls in wholesale prices have simply not been shared fairly with consumers.”


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