EDF Energy increases prices for winter - Gas and electricity - News - Moneyfacts

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EDF Energy increases prices for winter

EDF Energy increases prices for winter

Category: Gas and electricity

Updated: 01/11/2012
First Published: 26/10/2012

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

EDF Energy has announced it is to increase its gas and electricity prices by 11% with effect from 7 December 2012, following price rises from a number of other high profile providers.

As temperatures across the UK are expected to plunge to below 5 degrees this weekend, news of yet another price hike will come as a further blow for millions of households, already struggling to keep their head above water with high energy costs.

According to EDF Energy, more than one million existing customers with fixed accounts will not be affected by the increase.

Mark Todd, director of independent price comparison site Energyhelpline.com, said: "This is the biggest price rise so far, and that's what will worry consumers the most.

"With an 11% price increase this year, following last year's increase of 15.8% on gas and 4.5% on electricity, even factoring in the price drop of last February, EDF's customers have seen their bills rise by 20% in around a year.

"This amounts to an increase of more than £200 in just over a year for a typical dual fuel customer.

"The energy price rise domino effect is in full swing, and we expect E.ON to make their announcement soon for price increases in the New Year. Customers should turn their anger into action, switch now, save money and show that they will not take price rises lying down. Now really is the last chance saloon for securing a low cost fixed deal."

In partnership with Energyhelpline.com, we've brought together the cheapest gas and electricity deals you could switch to today.


UK's cheapest gas and electricity tariffs available now:

Supplier Tariff Average Cost/ Average Saving *
Important Information Cancellation Penalties

First:Utility

iSave Fixed v4

Discounted Variable

£1,054/

Save £338 *


Initially fixed for 3 months. Paper bills available for an extra £1 per month


£30 per fuel cancellation penalty during first 3 months. No cancellation penalty thereafter.

Compare discounted energy tariffs



n Power


Energy Online Jan 2014


Discounted Variable

£1,071/

Save £321 *


Rates guaranteed to be at least 3% cheaper than npower standard until 31 Jan 2014


£30 per fuel cancellation penalty if you leave this tariff before 31 Jan 2014.

Compare discounted energy tariffs


Sainsbury's Energy


Price Check January 2014


Discounted Variable

£1,124/

Save £268 *


Matches the cheapest standard Dual fuel direct debit tariff prices of the major suppliers at average consumption. Continually checks and amends the prices within 6 weeks of a price change to match the prices of the cheapest standard rates of the major suppliers.

There is a £20 per fuel cancellation penalty if you leave this tariff before the contract end date of 31/01/2014.


Compare discounted energy tariffs


e.on

Energy Discount

Discounted Variable

£1,124/

Save £268 *


3% discount against standard prices for 12 months


Cancellation fee of £10 if you switch away before the end of the guarantee period.




Compare discounted energy tariffs







OVO Energy

New Energy Fixed

Fixed Tariff

£1,139/

Save £253 *

Prices fixed for 12 months


£30 for gas and £30 for electricity until end of fixed period.


Compare fixed energy tariffs


Scottish Power

Online Fixed Price Energy April 2014

Fixed Tariff

£1,140/

Save £252 *

Fixed until 31 March 2014

None


Compare fixed energy tariffs

e.on

Age UK 1 Year Fix

Fixed Tariff

£1,148/

Save £244 *

Prices fixed for 12 months
(only available to over 60s)

None


Compare fixed energy tariffs

e.on

1 Year Fix

Fixed Tariff

£1,158/

Save £234 *

Prices fixed for 12 months

£10 until end of fix


Compare fixed energy tariffs

* Average savings are based on average dual fuel tariff costing £1,392 (Source: energyhelpline, 26/10/12). All calculations are for an average usage dual fuel household paying by monthly direct debit. Average usage as defined by OFGEM is 16,500 kWh pa of gas and 3,300 kWh pa of electricity.

6 of the of the cheapest fixed gas and electricity prices available now:

Supplier Tariff Average Cost/ Average Saving *
Fixed Until Cancellation Penalties


OVO Energy

New Energy Fixed

£1,139/

Save £253 *

Prices fixed for 12 months

£30 per fuel until end of fix


Compare fixed energy tariffs

Scottish Power

Online Fixed Price Energy April 2014

£1,140/

Save £252 *

Fixed until 31 March 2014

None


Compare fixed energy tariffs

e.on

Age UK 1 Year Fix

£1,148/

Save £244 *

Prices fixed for 12 months
(only available to over 60s)

None


Compare fixed energy tariffs

e.on

1 Year Fix

£1,158/

Save £234 *

Prices fixed for 12 months

£10 until end of fix


Compare fixed energy tariffs

OVO Energy

Green Energy Fixed

£1,195/

Save £197 *

Prices fixed for 12 months

£30 per fuel until end of fix


Compare fixed energy tariffs


EDF Energy

Blue + Price Promise March 2015

£1,251/

Save £141 *

Fixed until 31 March 2015

None


Compare fixed energy tariffs





* Average savings are based on average dual fuel tariff costing £1,392 (Source: energyhelpline, 26/10/12). All calculations are for an average usage dual fuel household paying by monthly direct debit. Average usage as defined by OFGEM is 16,500 kWh pa of gas and 3,300 kWh pa of electricity.

Compare the cheapest gas and electricity tariffs

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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