Friday 25 July 2008

Energy supplier hikes prices

Energy supplier EDF has increased its electricity prices by 17% and its gas prices by 22%, it announced.

The company blamed record wholesale energy costs for the increases, which come into effect immediately.

Eva Eisenschimmel, chief operating officer of EDF Energy customers branch, said: "Record world oil prices have continued to drive up wholesale gas prices.

"Alongside unprecedented rises in wholesale coal and electricity costs, this has impacted hugely on the cost of supplying energy to our customers."

The French firm is one of Britain's biggest energy suppliers with 5.1 million customers. Friday's increases will mean typical customers on a dual fuel tariff will pay £3.97 a week more for their energy, it said.

The company said wholesale energy prices had increased by 70% for coal, 63% for gas and 47% for electricity since it last increased its prices in January.

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