Press release:

Domino effect as EDF Energy becomes second big six energy supplier to raise prices to new cap level

  • Gas and electricity bills will rise by 10%[1] for 1.3 million EDF Energy[2] customers on its standard variable tariff from 1 April
  • The £118 hike, up to the new price cap level, means EDF Energy’s standard plan will cost £1,254 on average[1] – adding £160 million to bills across the country[3]
  • Prepayment meter customers will also face a £106 (9%) price rise[1]
  • uSwitch urges households to reject so-called ‘fair price rises’ and switch to a cheap fixed plan.

Rik Smith, energy expert at uSwitch.com, said: “As soon as Ofgem increased the price cap level it became almost inevitable that most customers on standard deals would see their bills rise right up to the cap.

“EDF Energy are the second of the Big Six suppliers to increase their prices, and we wouldn’t be surprised to see a domino effect with other energy companies following suit.

“EDF Energy customers will see their bills rocket by £118 a year on average from 1 April, and their standard tariff will be £286 more expensive than the cheapest deal available today[4].

“But some households on standard tariffs will be hit harder than the average if their supplier prices up to the cap, which could push their bills to the edge of affordability. People who are already struggling with their bills are the ones who will suffer most if they are conned by the idea that the price cap represents a ‘fair’ deal.

“There are hundreds of pounds to be saved by switching to a good value fixed deal. In just a few minutes consumers can beat the price rises and avoid confusing price changes every six months.”

— ends —

Notes to editors

  1. Source: uSwitch.com
  2. Source: Ofgem – number of non-price protected domestic customer accounts, July 2018
  3. EDF had 1,362,940 customers as of July 2018 x £118 = £160,826,920
  4. Cheapest deal as of 11 February 2019 is £968. £1,254 – £968 = £286

About us

Launched in September 2000, uSwitch is an online and telephone price comparison and switching service, helping consumers get a better deal on gas, electricity, broadband, TV services, mobiles and personal finance products including mortgages, credit cards, car and home insurance. Last year we saved UK consumers over £278 million on their energy bills alone.

Customers can sign up to an account that automatically monitors the energy market and notifies them when they can move to a cheaper tariff, while broadband customers can conduct a speed test to find out how fast their broadband is and identify the best deal for their postcode.

The multi award-winning 'Switching Made Simple' app allows customers to compare energy, broadband, credit card, mobile and SIM-only deals – and uSwitch also has a UK contact centre manned by energy and broadband experts. Customers can post their latest energy bills to FREEPOST USWITCH to receive a free call back and be guided through the comparison process, or they can email customerservices@uswitch.com with their postcode and usage details.

uSwitch is owned by ZPG, which operates some of the UK’s most trusted digital brands that help empower smarter property and household decisions including Zoopla, Money, PrimeLocation and SmartNewHomes.

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