One of the UK’s ‘big six’ energy giants, EDF is lining up 1.5 million loyal standard variable tariff customers for a second hit in 2017, with a 9% increase in electricity and a 5.5% hike in gas prices, from 21 June.
This is set to be the energy giant’s second price hike this year having already raised electricity bills by 8.4% on 1st March.
Ben Wilson from Gocompare.com Energy, said: “Ramping your customers’ bills once is bad enough, but going back for more just a month later is an utter disgrace. From June, EDF will be rewarding loyal customers by charging them over 17% more for their electricity than they were at the start of the year.
“The worry is that this is just the tip of the iceberg and other providers will be encouraged to ‘double-dip’ too, which could be disastrous for millions of homes.
“We’ve had a couple of years with a fairly benign energy market and consumers have been lulled into a false sense of security. But now is definitely the time for action, with other increases, previously announced by the big six, kicking in across the board during March and through to the end of April.
“Yes, EDF is planning to contact all customers on standard variable tariffs, with an offer to review their tariff or payment method, but there is still a real danger that this one will slip under the radar or get filed in the ‘can’t be bothered’ category, in a large number of homes.
“The reality is; switching is simple – grab a bill, visit a comparison website, fill in your details and, in a matter of minutes, you could save yourself over £300 a year. So, vote with your feet, stop letting your energy provider rip you off and switch to a better deal today.”
For more information or to compare energy tariffs today, visit Gocompare.com.
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Notes to editors:
*At least 51% of customers who provided their energy usage and received a price for switching energy supplier for both gas and electricity with Gocompare.com saved £305 or more (1st July - 30th September 2016)