EDF customers face higher bills
July 26, 2008
EDF Energy has announced it is putting up gas prices by 22% and electricity prices by 17% for domestic customers.
The firm has blamed the increase, which comes into effect on 25 July, on record wholesale energy costs.
Energy companies have been widely expected to raise the costs of utility bills this summer, as wholesale prices have been rising.
EDF is the first of the major suppliers to raise prices this summer and others are expected to follow suit.
The company said it had been absorbing higher costs in recent months but it now needed to pass on costs to domestic and small business customers.
It is the second rise for EDF customers this year.
Tim Wolfenden, head of home services at price comparison website Uswitch.com, estimated that the average annual bill for dual-fuel EDF customers would rise by £200 to just over £1,200.
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