EDF Energy prices 'to rise 3.9%'

Written By Unknown on Selasa, 12 November 2013 | 19.13

12 November 2013 Last updated at 06:00 ET

EDF Energy has said its average gas and electricity price will rise by 3.9%.

The company, one of the UK's big six energy suppliers, is the latest provider to raise bills, but it says its rise is "half" that of its rivals.

The company says its new average standard variable price from 3 January will be £1,300, a rise of £49 a year.

The price rise comes on the day energy bosses prepare to launch a defence of their industry in a bid to end political criticism of their companies.

EDF said it was not passing on the rising cost of the government's green levies, which it estimates would have added another £50 to the average annual household bill.

Its move follows Prime Minister David Cameron's pledge to "roll back" green energy levies.

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The government is currently reviewing its environmental policies to see if they can be delivered more cost-effectively.

However, EDF warned that if the government failed to reduce green levies, the firm might have to put up its prices further.

"If changes to social and environmental programmes are less than anticipated, the company may have to review its standard variable prices again," it said in a statement.

EDF chief executive Vincent de Rivaz said the industry had to "challenge the cost and affordability" of government green schemes.

"Something can and must be done for consumers," he added.

EDF, which has 3.7 million residential customers, is the latest energy provider to increase its prices.

SSE said it would increase prices by 8.2% from 15 November, British Gas's prices are due to rise by 9.2% on 23 November, Npower said its dual-fuel bills will go up by 10.4% on 1 December and Scottish Power's price rise will be 8.6% for dual-fuel energy bills from 6 December.

At a glance: Energy providers price increases
Energy firm Gas Electricity Start date

SSE

+8.2%

+8.2%

15 November

British Gas

+8.4%

+10.4%

23 November

NPower

+11.1%

+9.3%

1 December

Scottish Power

+8.5%

+9%

6 December

EDF Energy

+3.9%

+3.9%

3 January

The Energy Secretary, Ed Davey, is expected to say later at the annual conference of industry body Energy UK that power firms should not treat the public as a "cash cow".

In response, the energy companies are expected to call for "a serious debate" and an end to "political uncertainty" over energy policy.


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