EDF Energy CEO, Vincent de Rivaz defended his company’s price rises by stating it was able to keep rises lower than their rivals due to the strength of their nuclear fleet.
The rises of 4.5% for residential electricity and 15.4% for gas come into effect on November 10, which he says makes EDF the cheapest dual fuel supplier nationally.
Mr de Rivaz said EDF had waited as long as it could: “We have to respond to increases in cost and the higher amounts we must pay for network and environmental charges.”
“Our vertical integration of generation and supply combined with the strong performance of our nuclear fleet is benefitting our customers.”
The EDF boss said that he realised some were suspicious of the energy industry and that as a result he would welcome an examination by the competition commission if it meant increasing customer trust.
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