EDF Energy cuts standard gas price by 5%
- EDF Energy’s new standard gas direct debit price will be £566 a year
- EDF Energy’s new standard dual fuel direct debit price will be £1,069 a year
- Other external cost increases offset lower operating and wholesale costs
EDF Energy has announced a 5% cut to its standard gas price effective from 24 March. The reduction will decrease EDF Energy’s average standard gas price by £31. The cut will benefit around 900,000 customers.
The 5% price reduction announced today is linked to falls in wholesale gas costs. However, despite improvements to operating efficiency, external costs included in a customer’s electricity and gas bills have increased, some significantly. This has limited the size of today’s gas reduction and the company’s ability to pass on falls in wholesale electricity costs.
Beatrice Bigois, Managing Director of Customers at EDF Energy said: “We are pleased that we can reduce customers’ gas bills for the second time in just over a year.
“Our prices are under constant review and today’s announcement reflects falls in wholesale gas costs. There are other costs impacting customers’ energy bills that are beyond our control – these increased steadily during 2015.”
EDF Energy was recently rated top of the major suppliers on the Institute of Customer Service’s Customer Satisfaction Index. Customers are not charged extra to contact the company’s UK-based call centres and its fixed tariffs don’t have hidden costs, such as exit fees.
Over 1.5million EDF Energy customers have chosen to sign up to its attractive fixed tariffs. This is approximately 45% of the company’s customers.
- Based on a dual fuel direct debit bill at typical consumption averaged across all regions. Typical use as defined by Ofgem is 3,100kWh standard electricity and 12,500kWh gas.
- Based on a gas bill at typical consumption averaged across all regions and payment types. Typical use as defined by Ofgem is 12,500kWh gas.
For more information contact:Megan Johnson
External Communications Manager (Customers)
EDF Energy is one of the UK’s largest energy companies and the largest producer of low-carbon electricity, producing around one-fifth of the nation's electricity from its nuclear power stations, wind farms, coal and gas power stations and combined heat and power plants. The company supplies gas and electricity to 6 million business and residential customer accounts and is the biggest supplier of electricity by volume in Great Britain.
EDF Energy’s safe and secure operation of its eight existing nuclear power stations at sites across the country makes it the UK’s largest generator of low carbon electricity. EDF Energy is also leading the UK's nuclear renaissance and has published plans to build four new nuclear plants, subject to the right investment framework.
These new plants could generate enough low carbon electricity for about 40% of Britain’s homes. They would make an important contribution to the UK’s future needs for clean, secure and affordable energy. The project is already creating business and job opportunities for British companies and workers.
Through Our Better Energy Ambitions, EDF Energy has developed one of the biggest environmental and social programmes of any British energy company.
In 2014 EDF Energy received seven ‘Big Ticks’ in the Business in the Community (BITC) Responsible Business Awards. In 2013 EDF Energy received the Environmental Leadership for Behavioural Change Award in the national Environment and Energy Awards and was highly commended in the first ever pan European Corporate Social Responsibility Awards scheme for its Sustainable Schools programme – the Pod.
EDF Energy is part of EDF Group, one of Europe’s largest power companies. The company employs around 15,000 people at locations across the UK.
To find out more about the UK's energy challenges look at www.edfenergy.com/energyfuture/