EDF Energy has announced the lowest rise in energy prices of the Big Six. The French energy firm is the last of the major suppliers to announce a rise this Summer.
Domestic electricity prices will go up an average 4.5%, while gas will rise 15.4%. The energy company says it has gone for lower price rises by holding off until all its competitors had done so. The new tariffs will come into effect on 10th November.
EDF’s chief claimed that nuclear power, which makes up a large chunk of its energy, meant the price rise was not as high as it could have been.
Vincent de Rivaz, Chief Executive of EDF Energy said: “We have absorbed rising wholesale energy, network and other costs as long as possible but must reluctantly now pass some of these through to consumers.”
Mr de Rivaz suggested that EDF’s investment in “low carbon nuclear generation, which enjoys stable costs compared to gas and coal and has had a strong performance this year,” meant their price rise was kept under control.
The firm said that the rise will add around £3.34 per day to a dual fuel bill.