EDF Energy announces 6% increase on standard variable dual fuel tariff prices

Thursday, July 5, 2018

EDF Energy is to increase its standard variable dual fuel tariff prices by 6% from August, blaming a rise in wholesale prices.

The changes will affect 40% of the firm's customers, but those on a fixed price or prepayment tariff and vulnerable customers will not see any rises.

Standard variable electricity prices will go up by 6.1% and gas tariffs by 6%.

EDF said wholesale prices for dual fuel had increased by 18% so far this year.

The company announced a 1.4% dual fuel increase in April.

Managing director of customers Beatrice Bigois said: "We know that another price rise will not be welcome, and we had hoped that our limited changes announced in April would be enough.

"However, energy costs have continued to rise significantly and, despite our best efforts to absorb some of these by reducing the costs within our control, sadly we can no longer sustain this.

"Customers who wish to avoid this increase will be encouraged to choose one of our fixed price tariffs when we write to them later this month."

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