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EDF to raise energy cost by 10.8% EDF to raise energy cost by 10.8%
(35 minutes later)
EDF Energy customers will see a 10.8% rise in gas and electricity prices from 7 December, the company has announced.EDF Energy customers will see a 10.8% rise in gas and electricity prices from 7 December, the company has announced.
The company becomes the fifth of the big six energy firms to announce price increases, although this was the biggest rise so far. EDF is the fifth of the big six energy firms to announce price increases and it is the biggest average rise so far.
EDF accepted that the rise would be "unwelcome" but said it could no longer avoid a price rise for domestic customers. It accepted that the rise would be "unwelcome" but said it could no longer avoid a rise for domestic customers.
It blamed the cost of wholesale energy and various government charges. It blamed the cost of wholesale energy and government charges including mandatory energy efficiency and social schemes.
These included mandatory energy efficiency and social schemes, EDF said. "We know that customers will not welcome this news and do not want to see prices going up," said EDF director Martin Lawrence.
"It is worth pointing out that one in five of our customers are already on competitive fixed priced tariffs and will not be affected by these price changes this winter."
EDF has three million domestic customers in the UK.
Other price rises
EDF, which claimed that its prices would still be lower than the rest of the major suppliers, said that the average dual fuel bill would go up by £2.35 a week, the equivalent of more than £122 a year to bring the total bill to £1,251 a year.
The price rise is higher than any of the other suppliers, and leaves E.On as the only supplier among the big six yet to announce price rises this autumn and winter.
E.On has previously said that it would leave prices unchanged for the rest of the year.
The round of price changes has prompted some political debate, and has come as the energy regulator Ofgem announced plans to simplify bills to make the switching process easier.
However, some uncertainty remains over Prime Minister David Cameron's comments that energy suppliers would be forced to put their customers on the cheapest tariff.
All the latest energy price rises are displayed as an average across the UK. However, price changes might differ depending on where residents live in the country.
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