EDF to slash gas prices by 5%

Covered mag, presented by Gocompare.com
  • | by Kristian Dando

If last year was characterised by a relentless series of price hikes from Britain’s energy suppliers, then 2012 then the announcement by EDF might well signify some respite for hard-pressed households.

The French company has revealed that, thanks to a drop in the price of wholesale energy costs, it will slash the cost of gas by five per cent. However, it is unlikely to quash consumer grumbles - last November, the company followed the lead of its competitors and increased the price of its gas bills by 15.4 per cent.

The news of EDF’s price rises came on the morning when Consumer organisation Which? released the results of its 2012 energy company satisfaction survey, in which EDF limped in at thirteenth place out of fourteen.

In fact, the ‘big six’ companies all fared dismally compared to smaller providers, which fared a lot better – the poll was topped by Chippenham-based firm Good Energy, a relative minnow.