EDF is hiking bills for the second time this year, a move that has been described as “difficult to justify” by energy regulator Ofgem.
The French-owned firm, one of the “Big Six” energy firms, said a typical standard variable dual fuel bill would increase by £78 a year, or 7.2%, to £1,160 from 21 June, in a move affecting 1.5 million customers.
Combined with a 1.2% bill increase that took effect earlier this year, it will put a typical household’s gas and electricity costs for the year up by 8.5%, or £91 – nearly four times the current rate of wage growth.
Ofgem chief executive Dermot Nolan said: “EDF’s second price rise in four months, when there has not been a dramatic rise in wholesale energy prices since it last put up energy prices, is difficult to justify.
Energy consumers on standard tariffs risk being taken for granted and we encourage customers to shop around to find the best deal for them.”
SOURCE: SKY NEWS.
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