EDF Energy the last to announce energy prices increases by 3.9%

15/11/2013 10:00 Electricity Market

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EDF Energy has become the latest energy company to increase prices for its British customers, unveiling an average price increase of 3.9% on its dual tariff, warning that further increases may occur unless the government does not curb fees for social and environmental work.

The increase will enter into force from 3 January and the customers will see bills raising by £49 a year, to an average of £1,300. This hike precedes that of rival firms British Gas and Scottish Power, however is less than half the size of increases announced by the competitors. EDF said that extra £49 on bills reflects the following: • £24 to cover a 9% increase in transmission and distribution costs; • £10 to meet smart-metering costs; • £6 to meet a 22% boost in the cost of meeting renewable obligations; • £1 to meet rising wholesale costs; • £8 to cover other increasing costs including VAT, warm home discount, feed-in tariff.

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