EDF Energy has announced it will increase gas prices by 15.4% and electricity by 4.5% from 10 November 2011.
EDF Energy is the sixth and final major energy supplier in Britain to announce price hikes.
Richard Lloyd, executive director of Which?, said: ‘This announcement will come as little surprise to EDF Energy customers who have watched one after another of the major energy suppliers announce similar increases.’
He added: ‘With household budgets already squeezed and inflation rising, many people will struggle to heat their homes this winter.’
Which? research shows that rising energy prices are the number one financial concern for consumers.
Energy price hikes
The announcement from EDF Energy comes on the back of price hikes from Britain’s five other major energy providers – who blame the increases on the rising cost of wholesale energy.
Scottish Power was the first energy company to increase prices back in June, raising gas prices by 18% and electricity by 16%. They were followed by British Gas on 8 July, Scottish and Southern Energy on 21 July, Eon on 4 August and Npower on 16 August.
The new tariffs from EDF Energy mean their average customer bill – currently at £1,050.57 – will rise to £1,165.34, an increase of £114.76 or 11%.
Honesty on energy prices
Which? is currently calling for energy companies to make energy tariffs clearer and more transparent. Even if wholesale prices do increase, with simple tariffs customers can more easily compare prices and switch.
We’re also asking the government to help increase competition in the energy market – by clearing the way for new suppliers they could increase competition and potentially help drive improvements in services and lower prices.