Price rise for EDF energy customers

MORE THAN a million energy customers on EDF’s standard variable tariff face a 10 per cent price increase from April 1.

Gas and electricity bills will rise by an average £118 to £1,254 – up to the level of Ofgem’s new price cap – for 1.3 million existing customers on EDF’s standard variable tariff, comparison site uSwitch.com reported.

Prepayment meter customers will also face an average £106 or nine per cent price rise, according to information released by the company to price comparison sites.

An EDF Energy spokeswoman said: “Ofgem’s announcement confirmed that costs increased significantly last year and this was further evidenced by the collapse of several small suppliers.

“As a responsible and longterm business, it is important that we reflect the costs we’re facing. These changes for standard variable tariffs will not come into effect until April 1 and we will write to customers before then, highlighting the other tariffs available that they can switch to.”

EDF is the second firm to push up prices following an announcement last week that there would be an increase to the energy price cap. On Monday, E.ON announced an average 10.3 per cent price increase for around 1.8 million customers on its standard variable gas and electricity tariff.

Rik Smith of uSwitch said: “As soon as Ofgem increased the price cap level it became almost inevitable that most customers on standard deals would see their bills rise right up to the cap.”