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Mark Bower

Mark founded MoneyMaxim in 2008, with the aim of delivering an impartial and independent service. Mark is a regular money saving expert in the press and writes regular news and articles for the MoneyMaxim news pages sharing his views on banking, personal insurance and the utilities (gas, electricity, mobile and home phones, broadband and pay TV) market with customers.

EDF Energy Announces Price Hike

EDF Energy has announced a price hike higher than some of its competitors, following their price freeze over Christmas. Find out how to reduce your bills.

EDF Energy has announced a price hike higher than some of its competitors, following their price freeze over Christmas.

The increase is 6.5 percent for gas and 7.5 percent for electricity to take effect from 2nd March, meaning EDF Energy customers should not feel the pinch on their winter bills.

The rate hike will affect around 3.3 million customers as the average household bill for a dual fuel EDF Energy customer will go from £1,046 to £1,118.

"This price rise will however sadly come as no shock, as EDF Energy is following where other firms have led,” commented Audrey Gallacher, Consumer Focus head of energy.

"Consumers will be further annoyed that this rise is even higher than that of most other suppliers.”

Ofgem recently revealed that the profits energy companies were making per customer had shot up by 49 percent over the last few months, adding fuel to the need for an official enquiry into the price hikes felt across the board.

Average Energy Prices

According to uSwitch, a medium user consuming 3.300kWh electricity and 16,500kWh gas a year on a standard plan should expect an annual bill of:

£1,094 from SSE

£1,100 from British Gas

£1,118 from EDF Energy

£1,123 from E.ON

£1,149 from nPower

£1,211 from Scottish Power

You can compare the market for your own specific energy consumption needs at MoneyMaxim.co.uk.