EDF announce second energy bill increase

EDF announce second energy bill increase

EDF Energy has announced its second energy bill rise this year, increasing standard variable tariffs (SVTs) by 6% in a move that will affect 1.3 million people – 40% of its customers.

Its standard variable duel fuel tariff, those that purchase both gas and electricity from EDF, will increase by £70 to £1,228 a year, as of 31st August.

In April, EDF first announced a 1.4% hike in SVTs as a result of an increase in fixed costs associated with providing electricity.

The French energy giant once again blamed rising wholesale costs for the upcoming increase, highlighting an 18% hike since the beginning of the year.

Béatrice Bigois, managing director of customers at EDF, 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.”

Kevin Pratt, consumer affairs expert at MoneySuperMarket, said: “Wholesale costs have been increasing but this is the second price rise from EDF in less than three months and pushes their standard variable tariff right to the top in terms of most expensive – at £1,228, just a fraction cheaper than npower.

“The previous rise, announced in April and effective from 7 June, was relatively small compared to the other Big Six suppliers but it was still a rise, and by announcing another one today they are hitting customers when they’re already down.”

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