EDF hikes prices

EDF Energy has hiked its prices 15%, at the same time as calling for an investigation into pricing in the energy market.

Standard residential electricity prices will rise by 4.5%, while gas prices will increase 15.4% from 10 November.

The increase will add £3.34 to the average bill per day but the supplier maintains it is still the cheapest dual fuel supplier and claims its price increase is the lowest of all its major rivals.

It says its standard dual fuel customers will still pay £53 less than customers of other providers.

EDF is the last of the Big Six major suppliers to increase its prices. Agencies that work with the firm include Euro RSCG London, AMV.BBDO, MPG Media Contacts and Archibald Ingall Stretton.

Despite raising energy prices, EDF chief executive Vincent de Rivaz has welcomed a full investigation to into the energy market and says the company “has nothing to hide”.

The industry was reviewed by energy watchdog Ofgen earlier this year but not referred to the Competition Commission.

He says: “There remains a widespread lack of understanding and suspicion of the industry as a whole, among the public, customers in general, politicians, regulators and others.

“It is important this perception is addressed. If a Competition Commission inquiry is necessary to build this trust, then it is a step that should be taken.”

Latest from Marketing Week

NOT REGISTERED? IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now

THE BEST CONTENT

Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3711 or email subscriptions@marketingweek.com

If you are looking for our Jobs site, please click here