EDF hits customers with second price rise this year
From 21st June, EDF will be increasing their electricity prices by 9% and their gas prices by 5.5%
Today EDF have today announced that it is to raise prices on their standard variable tariff for the second time this year.
From 21st June, EDF will be increasing their electricity prices by 9% and their gas prices by 5.5%, an overall increase of 7.2%. This will add a further £78 a year to the average households’ bills.
Dermot Nolan, chief executive of Ofgem has criticised EDF, saying "EDF's second price rise in four months, when there has not been a dramatic rise in wholesale energy prices since it last put up prices, is difficult to justify and is further evidence that the energy market is not working in all consumers' interests."
Toward the end of last year, EDF announced a gas price drop and an electricity price rise of by 8% which came into effect on March 1st.
Altogether, EDF’s standard tariff has increased by 8.5% this year, adding a hefty £91 to customers’ bills.
Mark Todd of energyhelpline said:
“This second price rise from EDF is a total shock and an absolute hammer blow for millions of people who will see their bills rise sharply.
If you are impacted you must switch to avoid this price rise. It’s really easy to do and just takes a few minutes. Select a low cost fixed rate tariff and you’ll beat the hikes and save yourself a packet.”