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January 08, 2005
EDF Energy increase standard energy prices
EDF Energy has announced an increase to their standard gas and electricity prices across all three brands, London Energy, SWEB Energy and Seeboard Energy. The latest price increase takes effect from January 17. The average price increase for domestic customers on one of their standard tariffs is 5.4 per cent for electricity and 8.1 per cent for gas
Vincent de Rivaz, Chief Executive of EDF Energy, said: World Energy prices continue to drive up our costs. Our industry has talked about what it can do to help ease the impact of rising prices of those most in need. The time for talking is over, action is required and EDF Energy has decided to take the lead on this.
In parallel, EDF Energy is offering to suspend the price increase until at least 31 March 2006 for its 250,000 customers most in need and have introduced a capped rate tariff, available for an average premium of 50 pence per week. This capped rate is open to the first 100,000 residential customers who apply before the end of March and will result in their tariff being capped until 31st March 2007.
Although this is the first of the main energy supplier prices hikes of 2005, EDF Energy had been in the enviable position of having one of the lowest cumulative price increase of any supplier during 2004.
Energylinx has analysed the effect of this increase on a standard domestic customer and the results can be seen below:
| Local Distribution Area | Pre Increase | Post increase | % increase |
| East Midlands | £550.99 | £602.65 | 9.38% |
| Eastern | £549.29 | £591.03 | 7.60% |
| London | £585.70 | £629.36 | 7.45% |
| Manweb | £579.88 | £634.15 | 9.36% |
| Midlands | £549.45 | £601.08 | 9.40% |
| Northern | £542.93 | £593.83 | 9.38% |
| Norweb | £540.12 | £590.71 | 9.37% |
| Scottish Hydro | £581.29 | £635.73 | 9.36% |
| Scottish Power | £583.06 | £637.74 | 9.38% |
| Seeboard | £578.77 | £622.12 | 7.49% |
| Southern | £569.10 | £611.91 | 7.52% |
| SWALEC | £605.48 | £650.15 | 7.38% |
| SWEB | £605.17 | £649.84 | 7.38% |
| Yorkshire | £544.31 | £595.47 | 9.40% |
| Based on standard domestic consumer consuming an average 3,300 kWhs electricity and 19,050 kWhs of gas per annum - paying by monthly direct debit. The prices include VAT and all applicable discounts. Source www.energylinx.co.uk | |||
If you wish to carry out a personal comparison of how this latest increase affects you feel free to use any of the links below:
These Energylinx calculators are unique in that they allow you to compare the prices of all energy suppliers.
Energylinx will arrange the whole transfer process for you, including notifying your existing supplier of any planned change and tracking the transfer to ensure that it occurs on time and accurately. Energylinx provides its services completely free of charge to the domestic consumer.
Posted by energylinx at January 8, 2005 11:13 PM Technorati: Energy Prices
