26/10/2012

EDF Energy To Increase Prices By 10.8%

EDF Energy is increasing its standard variable prices for gas and electricity residential customers by 10.8% from December 7, 2012.

For typical customers the company's new standard variable prices will however still be lower than those of all the major suppliers which have announced standard price rises this autumn.

More than one million existing fixed deal accounts will be unaffected by price changes this winter and the company has today launched Blue +Fixed Price March 2015 which offers customers the opportunity to protect themselves from future price rises for the next three winters.

EDF Energy has also confirmed support for its most vulnerable elderly customers and plans to ensure they automatically benefit from its cheapest available prices. This could save them around £165 next year as well as offering them a rebate this winter. EDF Energy is the only supplier to make this pledge, which forms part of its Customer Commitments on fair value, better service and simplicity.

A typical standard variable dual fuel energy bill will rise by £2.35 a week.6 EDF Energy's last price change was to cut gas prices earlier this year and it has offered typical customers the lowest standard variable dual fuel prices of all major suppliers for 50 of the last 52 weeks.

Martin Lawrence, Managing Director of Energy Sourcing and Customer Supply said: "We know that customers will not welcome this news and do not want to see prices going up. Our new prices will however be cheaper on average than those of all the other major suppliers which have announced standard price rises so far this autumn. We've taken extra measures to make sure the most vulnerable benefit from the best deals and we continue to help customers reduce their bills with energy efficiency measures."

(CD)


Related UK National News Stories
Click here for the latest headlines.

11 January 2012
EDF Energy Reduce Gas Prices By 5%
EDF Energy has announced it will cut its gas prices by 5% – becoming the first major supplier in 2012 to announce it will pass on falling wholesale prices to its customers. The company was the last of the major suppliers to raise its energy prices in the autumn.
28 January 2015
EDF Announce Price Cuts
EDF Energy is to cut its gas prices by 1.3%, effective from 11 February. The reduction will decrease EDF Energy's average standard variable gas prices from £646 to £637 a year and its dual fuel prices from £1,164 to £1,155. The cut will benefit around one million customers.
31 March 2006
Scottish & Southern Energy announce price rises
Energy supply company Scottish & Southern Energy has announced that it will increase prices for the majority of its domestic electricity and gas customers - the fourth time prices have risen since the start of 2004. From May 1, standard prices for electricity customers will increase by 9.
13 January 2015
E.ON To Cut Gas Prices By 3.5%
Energy firm E.ON is to cut its gas prices by 3.5% with immediate effect. Commenting on the move, Tony Cocker, Chief Executive of E.ON UK, said: "Today's 3.
12 October 2010
UK Inflation Remains At Current Rate
According to the Office for National Statistics (ONS), UK Consumer Prices Index (CPI) inflation remained unchanged at 3.1% in September. Including a higher proportion of housing costs, the Retail Prices Index (RPI), fell back slightly to 4.6%.