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EDF Energy hikes prices yet again

Patrick Christys
Feb 12, 2019


Cash-hungry EDF Energy is hiking prices for customers from April 1st.

Customers of the energy giant could face paying an extra £118-a-year as some bills are set to surge by 10%.

This means an existing customer on its standard variable tariff (SVR) will see their bills rise from £1,136 to £1,254.

 

It comes after Ofgem announced that there would be an increase to the energy price cap, which some energy firms have seen as a green light to raid customers' pockets once more.

E.ON announced an increase for 1.8million customers - adding £117 a year to bills - from April 1.

The cap is supposed to protect customers who roll onto an SVR from being grossly overcharged.

However, the reality is that people can often save money by shopping around.

E.ON and EDF's energy SVR tariffs are now almost £300 more expensive than the current cheapest deal on the market.

EDF Energy, which has 1.3million customers, is also pushing up bills for those on pre-payment meters - adding £106 a year or 9 per cent.

Victoria Arrington at Energyhelpline told The Sun: "The first price cap cut into profits, and now suppliers are hoping to make some of this back by raising their prices.

"The price cap still does offer some protection to consumers, but you can do so much more to potentially lower your bills."

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