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EDF Energy announces second price hike for 2018, dual fuel bills going up by another 6%

Despite announcing a 2.7% increase in electricity prices back in april, which left dual fuel customers paying 1.4% more, French-owned energy supplier EDF has announced a further price hike of 6%.

The “big six” energy supplier blamed a rise of 13% in wholesale energy costs for the price hike, adding that one of the reasons prices had risen was the intense cold snap earlier this year resulting from the arrival of the so-called “Beast from the East” weather front, which cut gas storage stocks.

That, it said, was compounded by rising oil prices on the global markets, which fed into higher UK wholesale prices for both gas and electricity.

Managing Director Beatrice Bigois said: “We know that another price rise will not be welcome and we had hoped that our limited changes announced in April would be enough. However, energy costs have continued to rise significantly and despite our best efforts to absorb some of these by reducing the costs within our control – sadly we can no longer sustain this.

“Customers who wish to avoid this increase will be encouraged to choose one of our fixed price tariffs when we write to them later this month.”

HeatingSave – the low-cost building management system that helps you keep on top of your energy bills

This proves once again that installing energy management solutions is the best solution for cutting energy bills (since most of the biggest energy suppliers are likely to announce similar price hikes in the near future) and HeatingSave is here to help.

The HeatingSave Building Management System will optimize your costs by helping you run your heating more efficiently, while also taking into account a variety of factors, such as internal and external temperatures, flow and return temperatures, occupancy, etc.

HeatingSave works on most types of central heating systems that use natural gas, oil, solid fuel (such as anthracite), electricity or LPG. HeatingSave will also control renewable heating systems, such as air & ground source and wood burners.

If you’d like to get more information regarding HeatingSave’s extensive list of features, as well as the savings it enables (20 to 3%+ on your bills), just get in touch with our dedicated product team, they’ll be more than happy to answer all of your questions and queries.

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