EDF Energy (British subsidiary of Électricité de France) has announced that it will be increased the price of gas and electricity to it’s 5.5 million UK customers from Friday (18 Jan).
- The Electricity Price will increase by 7.9%
- The Gas Price will increase by 12.9%
According to the BBC, EDF are citing the “soaring cost” of wholesale energy for the increase in prices.This comes on a day when many will probably be wondering how the ONS has calculated that UK inflation is still only 2.1%. (0.1% above target) Well, obviously this increase hasn’t been factored in yet and the NPower increase of last week is also yet to filter through.
There is also an aberration caused by the rather complex method with which CPI is calculated. Rest assured the credibility of the CPI figure should be restored soon as it rises to reflect the very real, very large inflationary pressures being experienced by the UK economy.
On the upside, EDF is moving ahead with it’s plans for the UK’s new generation of Nuclear power plants.
Tags: edf, electricity price, gas price, inflation, uk
Entries (RSS)
You might be interested to read this article http://www.uswitch.com/news/energy/JanMar2008/ofgem-to-investigate-gas-and-electricity-markets.cmsx
Ofgem are investigating the whole energy market in the UK. There results will be interesting and have significant impact on the gas and electricity marketing the UK.