EDF To Raise Gas And Electricity Prices

Energy giant EDF is to increase prices for householders by an average of 10.8%.

The rise, gas and electricity, around four times the rate of inflation, is set to be implemented on December 7.

EDF, which has 3.1 million customers and 5.5 million accounts overall, said its annual dual fuel bill was the lowest of the suppliers to have announced price rises so far.

Companies have blamed the changes on rising wholesale prices and increased running costs - especially for transporting gas and electricity to customers' homes - and the cost of energy efficiency programmes.

Martin Lawrence, EDF 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."

Earlier this month Npower became the third of the so-called Big Six energy firms to confirm steep rises in its gas and electricity bills ahead of winter.

It said bills would increase by an average 8.8% for gas and 9.1% for electricity from November 26.

Just hours beforehand British Gas confirmed that its average dual fuel tariff would rise by 6% - or £80 annually - from November 16.

The Big Six - British Gas, EDF, E.On, NPower, Scottish Power and SSE - control 99% of the UK's domestic energy supplies.

E.ON is the only big supplier yet to announce price rises after it made a promise not to raise tariffs this year.

Last week the energy regulator Ofgem said it would make the market "simpler, clearer and fairer" for consumers.

The promise follows a call by the Prime Minister to energy giants to overhaul confusing tariff systems.

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