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EDF Energy increase prices by 3.9%


EDF Energy have officially announced that they are the latest major energy supplier to increase their gas and electricity prices, with a price increase of 3.9% expected to be implemented, meaning their new average standard variable will be priced at around £1,300.

However, the energy provider, which has 3.7 million UK residential customers, has defended their decision by stating that the rise is “half” of what other rivals have implemented after other major suppliers were subjected to political criticism after announcing price increases this winter.

British Gas has announced price rises of 9.2% starting from 23 November, whilst SSE and Scottish Power will be shortly implementing price rises of 8.2% and 8.6% respectively. However, the energy supplier with the biggest average increase is Npower who have announced price increases of as much as 10.4% as of 1st December.

The string of price increases by several major energy suppliers led to a host of political criticism, including remarks from Energy Secretary, Ed Davey who claimed that the public should not be treated as a “cash cow” by energy companies. However, energy bosses did defend themselves claiming that they contribute more than £100bn to the UK economy.

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