EDF to increase electricity tariff by 1.4%
12th April 2018 | Residential Energy
EDF Energy is to increase its standard variable electricity tariff by 1.4% – £ 16 a year – from June, affecting around 1.3 million customers. The French energy giant is also increasing charges for using cash or cheque payment by £6 per fuel.
The company said 59% of its customers who are on a fixed tariff, have a direct debit gas account or are on the safeguard tariff or prepayment meter will not be affected by the 1.4% rise.
EDF Energy’s managing director of customer services, Beatrice Bigois, said, “We know that price rises are not welcome and we have worked to offset rising energy and policy charges by cutting our own costs.”
British Gas announced a 5.5% increase for both gas and electricity customers earlier this week.
EDF said the 1.4% increase will take average bills to £1,158 a year, which it said reflected the increase in some of the fixed costs associated with supplying electricity. A dual fuel standard variable customer choosing to pay by cash or cheque will see a combined increase of £28 a year (2.3%) to £1,248 a year.
A statement said, “EDF Energy continues to face pressures with energy, policy and the costs of installing smart meters all increasing significantly since last summer. Ofgem found that costs have risen by an average of more than £57 over the previous six months when they reviewed and increased the level of the prepayment and safeguard tariff caps in February.”
Ms Bigois added, “Rising costs mean we will be increasing our standing charge for electricity on June 7, affecting around 40% of our customers. Most of our customers, those on a fixed tariff, or who have a direct debit gas-only account, a safeguard tariff or prepayment meter will be unaffected by this change. We will be writing to affected customers this month to encourage them to choose a fixed-tariff or to pay by direct debit to save on their bills.”
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