[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Monday, 24 July 2006, 14:16 GMT 15:16 UK
Energy prices rise at EDF Energy
Gas ring on cooker
Gas prices are rising by 19%
EDF Energy is to raise the price of gas and electricity for its five million customers, as it has been affected by rising wholesale energy costs.

From 31 July, its gas prices will rise by 19% and electricity by up to 9.1%.

This is the second time this year that EDF has raised its gas and electricity prices.

EDF is the latest in a long line of energy firms to raise bills, with the firm blaming the increase on mounting wholesale energy costs.

'Prices remained high'

"We have been absorbing some of the costs of increased wholesale prices in the hope they would ease," said Derek Lickorish, EDF Energy chief operating officer.

"However, prices have remained high with little prospect for reduction in the foreseeable future."

Wholesale energy costs have risen by nearly 80% in the past year.

The firm added that it hoped to protect vulnerable customers, by offering a fixed rate energy package to its electricity prepayment customers living in the south of England.

This package will allow people with prepayment meters to avoid price hikes until 2010.

Customers in the company's northern region will see their electricity prices rise by 9.1%, compared to an average price hike of 8% for the rest of the UK.

Ann Robinson, spokeswoman for price comparison website uSwitch.com warned that more pain was in store for UK gas and electricity customers.

"Both Scottish Power and EDF Energy have now raised their prices twice this year... the other suppliers are certain to follow suit over the coming weeks," Ms Robinson said.

Energywatch, the consumer watchdog, described the price hike as having a "wretched sense of inevitability" about it.

It added that prices were now running at historic highs and could get worse over the next few months.





SEE ALSO
Npower raises energy prices again
10 Mar 06 |  Business
Fuel poverty to increase in 2006
30 Jan 06 |  Business
New supply 'to ease UK gas bills'
22 Jan 06 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific