Summary
Energy firm EDF sparked gloom for millions more households yesterday after becoming the second supplier this year to announce inflation-busting gas and electricity price rises. The French-owned company, which has 5.5 million UK customers, said it was upping gas prices by 12.9% and electricity by 7.9% from Friday due to "soaring" wholesale energy costs.
Earlier this month rival Npower announced prices hikes of 17.2% for gas and 12.7% for electricity in a move that hit more than four million households.See the full content of this document
Extract
Second Energy Giant Ups Gas and Electricity Prices
EDF's announcement will see the average annual cost for one of its dual fuel customers to rise around pounds 100 to pounds 1,007, and prompted anger from consumer groups.
It a...See the full content of this document
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