EDF Energy to raise prices by 10.8% from December (From Bournemouth Echo)
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EDF Energy to raise prices by 10.8% from December
10:32am Friday 26th October 2012 in News
Another three million households faced higher energy bills today after EDF Energy became the latest supplier to increase tariffs.
The company will raise prices for domestic gas and electricity by 10.8%, meaning its typical dual-fuel bill for a direct debit customer will rise by £122 to £1,251 a year.
EDF, which is the fifth major supplier in recent weeks to announce higher prices, said the change will take effect from December 7.
It blamed the cost of wholesale energy and government charges including mandatory energy efficiency and social schemes.
"We know that customers will not welcome this news and do not want to see prices going up," said EDF director Martin Lawrence.
"It is worth pointing out that one in five of our customers are already on competitive fixed priced tariffs and will not be affected by these price changes this winter."
Comments(7)
a.g.o.g.
says...
2:06pm Fri 26 Oct 12
whataboutthat wrote:and also has to pay a bundle to HMG to help pay for the energy subsidies for the cost inefficiencies of solar/wind industries being doled out to rare benificial effect, energy cost-wise, to the buyers.
Trough munchers. This is the outfit that routinely gives out 'Newspaper of the Year' awards on a regular basis for favourable publicity in papers such as The Echo. Re-write. "Three million UK households face an above inflation price hike of 10.8% on gas and electricity bills as EDF maintains shareholder profit margins in the energy sector...and so on..."
BarrHumbug
says...
2:54pm Fri 26 Oct 12
I thought the idea of a free market was to install competition not price fixing!
whataboutthat
says...
3:52pm Fri 26 Oct 12
BarrHumbug - I think the 'free marke't is an illusion/act of deception whatever the product or the service.
Telscombe Cliffy
says...
4:24pm Fri 26 Oct 12
aerolover
says...
5:06pm Fri 26 Oct 12
Ebb Tide
says...
5:26pm Fri 26 Oct 12
aerolover wrote:Quite so ! What goes round comes around. Do we support "profit takers" or "top-heavy bureaucracy" - you place your vote and take your chance on this wheel of fortune !
Nationisation is the only way to stop greedy pig with feet in the trough. With this no share holders to keep happy and if it goes up too much then we can blame the government.
Perhaps we can ensure the next change is less inept than the previous change ? "Private sector good Public sector bad" was a disgraceful mantra.
whataboutthat says...
11:35am Fri 26 Oct 12
Re-write.
"Three million UK households face an above inflation price hike of 10.8% on gas and electricity bills as EDF maintains shareholder profit margins in the energy sector...and so on..."