Breaking News

Sun Oct 28, 2012 3:30PM
UK energy supplier EDF Energy has announced plans to increase prices for gas and electricity by 10.8 percent.

UK energy supplier EDF Energy has announced plans to increase prices for gas and electricity by 10.8 percent.

UK energy supplier EDF Energy has announced plans to increase prices for gas and electricity by 10.8 percent, causing many British households to face a double-digit increase. EDF has become the latest energy supplier to announce an increase in energy pricess as dual fuel customers, who pay their annual expenses through a monthly direct debit, will see an increase of £123 totaling around £1,252, from December 7, the British media reported. The energy companies in Britain have blamed the government’s policies for the rise in fuel bills. At the moment, 75 percent of households are on their supplier’s most expensive scheme, with 60 percent admitting to never switching firms in the last 15 years. Gary Hornby, an energy analyst, said the current price rises were just the beginning, as there will be further increases next year. Hornby said, “These rises come at a time when household budgets are already stretched and, despite the positive GDP figures released yesterday, the UK economy continues to struggle.” Fuel Poverty Action’s James Angel also warned that the rises come as the Tories prepare to axe a government scheme to offer subsidies to some of the hardest affected. Around 4.75 million households in Britain currently suffer from fuel poverty. BGH/SSM/HE