EDF increase prices

  5.5million customers will see an increase in the cost of it’s Gas and Electrcity after EDF announced it was increasing it’s fuel prices. Gas prices will increase by 22%, whilst Electricity will increase by 17% for domestic customers.

The firm has blamed the increase, which comes into effect on 25 July, on record wholesale energy costs.

Energy companies have been widely expected to raise the costs of utility bills this summer, as wholesale prices have been rising.

EDF is the first of the major suppliers to raise prices this summer and others are expected to follow suit.

The company said it had been absorbing higher costs in recent months but it now needed to pass on costs to domestic and small business customers.

It is the second rise for EDF customers this year.

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